Japan–Australia Economic Partnership Agreement
The Japan–Australia Economic Partnership Agreement was concluded between Australia and Japan in November 2014 and took effect January 15, 2015. Australia's negotiations for an agreement with Japan began under the Howard Government in 2007. In April 2014, Australia's Prime Minister Tony Abbott led a trade delegation to Japan, South Korea and China. The three economies accounted for more than half of all of Australia's two-way trade. On the Japanese leg, Abbott was received by Emperor Akihito and, secured the key elements of a free trade agreement with the government of Shinzo Abe. A number of concessions were secured for Australian agricultural exporters, while Australian tariffs on electronics, whitegoods and cars were to be lowered. Negotiations for the agreement began under the Howard Government in 2007
[...More Info...]       [...Related Items...]
South Korea's mixed economy ranks 11th nominal and 13th purchasing power parity GDP in the world, identifying it as one of the G-20 major economies. It is a developed country with a high-income economy and is the most industrialized member country of the OECD. South Korean brands such as LG Electronics and Samsung are internationally famous and garnered South Korea's reputation for its quality electronics and other manufactured goods.
Its massive investment in education has taken the country from mass illiteracy to a major international technological powerhouse