Picture: Japanese customers driving |
“(Japanese) Automakers are expected to benefit from the pact, with vehicles accounting for some 45 percent of Japan’s overall exports to Australian on a value basis. Australia will immediately abolish tariffs on Japanese cars with engine displacements of 1,500 cc to 3,000 cc. Tariffs on larger vehicles will be removed within three years.”
Source: Japan-Australia EPA takes effect Thursday, JIJI Press, Tuesday January 13th 2015, Japan Times Newspaper, Online
http://www.japantimes.co.jp/news/2015/01/13/business/japan-australia-epa-takes-effect-thursday/#.VLb4kVXqGuY