Australias trade and investment relationship with japan

australias trade and investment relationship with japan

Australia's trade and investment relationship with Japan (b). Australian merchandise trade with Japan, (A$m). Total share. Rank. Growth (yoy). The bilateral trade relationship between Japan and Australia differs from those Japanese investment in Australia was $US32 billion, as at 30 June Japanese Investment in Australia – a trusted partnership celebrates the significant role of Japanese Japan's trade and investment relationship with Australia.

Sixty years since this ground-breaking partnership, our trade and investment relationship with Japan is robust and productive, aided further by gains from the Japan-Australia Economic Partnership Agreement JAEPA.

australias trade and investment relationship with japan

International cooperation and defence Based on the Joint Declaration on Security Cooperation, security and defence cooperation forms one of important pillars of the bilateral relationship.

Australia and Japan have been cooperating in responding to various global crises, such as the search of Malaysia Airlines Flightthe relief activities after the Typhoon Haiyan in the Philippines, and disaster relief operations after the Great East Japan Earthquake and Tsunami. Australia and Japan have a strong history of cooperation in United Nations peacekeeping missions, including in East Timor and Cambodia.

We have worked closely together in the international peacekeeping operation in South Sudan since Australia and Japan have been maintaining dialogue on humanitarian assistance and disaster relief, maritime security, cyber security, and peacekeeping activities, in order to not only deepen practical cooperation, but also prepare for future challenges.

Our aim is to continue to seek mutually beneficial cooperation areas in collaboration with Japan. Australia-Japan resources and energy relationship Australia has extensive energy and mineral resources. Australia and Japan have long shared a highly-complementary relationship in the energy and resources sector.

Australia and Japan work very closely on developing renewable energy technology and clean coal technology, and regularly engage in policy discussions on energy and resource issues at senior levels.

People-to-people links Strong people-to-people links contribute significantly to the strength of our bilateral relationship. These links are reflected in extensive and well-established sister city relationships.

They allow for an exchange of culture, sports, education, social and economic practises. In addition, over sister schools exist between Australia and Japan.

In fact, Australia is the most popular destination for Japanese school study tours and sister school exchanges.

Australia-Japan relations

For example, band members from Ichijo High School in Nara City, visited their sister city, Canberrain to perform for locals. Currently Japanese is still the most widely studied foreign language in Australian schools and universities, with aroundstudents studying across primary to tertiary levels. These figures place Australia fourth in the world in terms of the number of Japanese language learners. Education and research links Japan is a global leader in education, research, science and innovation, and analysis shows that researchers in both Australia and Japan benefit in quality and impact when they work together.

Australia continues to support reconstruction of areas devastated by the disaster, including through programs funded by the Australia-Japan Foundation. Australia and Japan have agreed not to let our differences over whaling affect our close relationship. Our wide-ranging common maritime interests include cooperation in Antarctica and safety-at-sea issues.

Economic engagement The Australia-Japan economic relationship is underpinned by complementary strengths and needs. Australia is a safe, secure and reliable supplier of food, energy and mineral resources and a world-class centre for financial and other services.

Japan became Australia's largest trading partner in the early s — a position it maintained for 26 years. Japanese investment continues to play a significant role in the development of the Australian economy. The Dialogue offers a regular mechanism for high-level engagement on strategic economic and trade cooperation to complement high-level defence and security cooperation and annual leaders' meetings.

The Dialogue supports the strong and growing trade and investment relationship between Australia and Japan.

australias trade and investment relationship with japan

Japan is Australia's second-largest export market. Japan was Australia's largest merchandise export market for coal, LNG, beef, aluminium, cheese and curd, liquefied propane and butane, and animal feed.

The Japan-Australia Economic Partnership Agreement JAEPAwhich entered into force on 15 Januarygives Australian exporters significantly improved market access in goods and services and substantially improves investment protections.

Japanese investment has been essential in the development of many of the export industries that have driven Australia's growth, including in large-scale projects to meet Japanese demand for resources such as coal and iron ore. Japanese investment has also begun to extend beyond the traditional areas of natural resources to sectors such as financial services, infrastructure, information and communications technology, property, food and agribusiness.

JAEPA will further boost Japan's diverse and growing investment in Australia, generating employment growth including in regional Australia. Doing business in Japan Austrade assists Australian companies to build and implement their export strategies. Austrade also works to promote the Australian education sector within Japan and to attract productive foreign direct investment into Australia.

Australia-Japan relations

Austrade has offices in Tokyo, Osaka, Fukuoka and Sapporo. People to people links Early Japanese settlers started the pearling industry in Australia. Larger-scale migration began after the Second World War, and Japanese continue to settle in Australia today.

According to the census, more than 65, residents identified with Japanese ancestry.

australias trade and investment relationship with japan

There were 12, enrolments by students from Japan in Australia inranking Japan as 13th overall by volume of enrolments for student visa holders. Japanese students enrolled in English courses, VET colleges, and higher education. As ofthere are sister city relationships between Australia and Japan. These sister city relationships provide opportunities for educational, cultural, sporting, and economic exchanges.

SinceJapan has participated in the New Colombo Plana signature initiative of the Australian Government that aims to lift knowledge of the Indo-Pacific in Australia and strengthen people-to-people and institutional relationships through study and internships undertaken by Australian undergraduate students in the region.