Australia: Doing business in Japan(2)
By 2009-3-17 17:27:08
Japan is an active member of the Asia Pacific Economic Cooperation
(APEC) and the United Nations.
As the largest creditor nation in the world, Japan supplies Overseas
Development Assistance (ODA) to many developing countries and
actively participates in humanitarian programs worldwide.
The Japanese corporate trade network, particularly throughout Asia,
is extensive and these connections potentially hold great
opportunitities for Australian exporters particularly linked to
Japan's ODA program.
Japan has traditionally been seen as a closed or difficult market to
enter for foreign companies, and during the 1980s it was under
considerable pressure (from the USA particularly), to open up its
markets to foreign competition.
Acceptance of foreign imports is increasing as Japanese consumers
demand greater variety and value for money.
At times, Japan's bi-lateral relationships with several Asian
nations have been strained for historical reasons. However, as the
economies of many Asian countries are closely linked to their
growing trade with Japan, concerted efforts by each government are
assisting in building strong relationships for the new century in
the Asian region.
Australia and Japan enjoy excellent relations built on more than 100
years of bi-lateral trade and exchange.
Japan signed a bilateral trade agreement - a Free Trade Agreement
(FTA) with Singapore in October 2000.
Over the past decade, opportunities for Australian exports to Japan
are heading increasingly through the massive regional markets of the
Japanese economic - including the Kansai (Osaka area), as far north
as Hokkaido, and the southern island of Kyushu.
Australia is one of only a handful of countries in the world that
enjoys a trade surplus with Japan.
Commodities dominate Australia's exports to Japan but the mix is
becoming increasingly diversified with processed foods and
beverages, ICT-related products and services and other manufactures
increasing.
Major Australian exports to Japan (2007-08):
Coal ?A$10,946 million
Iron ore and concentrates ?A$4,904 million
Beef ?A$1,858 million
Aluminium ?A$1,820 million
Major Australian imports from Japan (2007-08):
Passenger motor vehicles ?A$6,957 million
Goods vehicles ?A$1,695 million
Refined petroleum ?A$1,059 million
Civil engineering equipment and parts ?A$829 million
From austrade.gov.au
