Japan to cut tariffs on handbags, honey

Australian exports to Japan have undergone another round of tariff cuts under the 2014 free trade deal between both countries.

Trade Minister Steve Ciobo.

Trade Minister Steve Ciobo. Source: AAP

Australian beef, honey and handbags are among exports to Japan set to have tariffs cut.

The fifth round of cuts under the Japan-Australia free trade deal came into force on Sunday.

Trade Minister Steve Ciobo said 640 Japanese tariffs were sliced.

"From handbags to honey, Japan is loving Australian products and produce," Mr Ciobo said.

Among the winners:

* Fresh or chilled beef tariffs have fallen to 29.3 per cent down from 38.5 before the deal.

* Frozen beef tariffs down to 26.9 per cent down from 38.5 before the deal.

* Honey tariffs are now 13.9 per cent down from 25.5 per cent before the deal.

* Handbag tariffs now 4.4 per cent down from 8-16 per cent before the deal.

* Orange tariffs now 8.7 per cent down from 16 per cent before the deal.

Australia's goods exports to Japan were valued at $45 billion in 2017, a rise of 24 per cent over 2016.


Share

1 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world