Australia and Japan have agreed to forge closer economic links, discuss free trade and strengthen regional security, Prime Minister Junichiro Koizumi and Prime Minister John Howard said in a joint statement. Japan is Australia's biggest export market and trade between the two countries is worth some US$21.5 billion, with Australia carrying a US$4.8 billion surplus. "The relationship between Australia and Japan is a very important one," Howard told reporters after meeting Koizumi during his first visit to Australia as prime minister. "We agreed that a free-trade agreement was a desirable goal. It will take some time and it will not be easy," he said. Australia wants Japan to remove tariffs on agriculture, including a 38.5 percent levy on beef, and stop government support to Japanese farmers, something Koizumi said was not "insurmountable."
Home / World Business Quick Take
Thu, May 02, 2002 - Page 21 News List
This story has been viewed 2843 times.
Listing from 2015-04-28 to 2015-05-05
- Most read
- Most e-mailed
1Rory McIlroy fights back, Spieth eliminated
2Team develops lab-made civet coffee
3The dilemmas of the KMT diaspora
4FTSE gains for the day; STOXX down for month
5EDITORIAL: Consensus: The enemy within