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Japan Time 16:55 21 Nov 2017
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Australia concludes free trade agreement with Japan

Australia has given ground in return to cut the price that consumers pay for Japanese cars, auto components, whitegoods and electronics, most of which will be free of tariffs within a year of the trade deal being ratified. EXPORTERS will add billions of dollars to Australias economic growth under a trade deal struck with Japan tonight to give beef, dairy, sugar and other industries far bigger concessions than they expected. Slashing barriers to Australian products, the Japanese government agreed to a dramatic increase in food imports such as almost doubling the quota for dairy products while also clearing the way for stronger trade in resources and services.
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