Parliamentary Secretary to the Minister for Trade and Investment, Steven Ciobo, will today begin a series of business events and functions in Japan and Korea highlighting opportunities from the recent trade agreements.
The Australia-Japan Business Spotlight Programme includes a major food and beverage showcase, as well as dinner promoting Australian premium produce in Tokyo prepared by SALT chef Luke Mangan, a seminar highlighting Australia’s vocational education and training capabilities, and fresh from our recent successes in the AFC Asian Cup and ICC Cricket World Cup, a major sporting event industry seminar.
The Korea-Australia Free Trade Agreement (KAFTA) entered into force on 12 December 2014 while the Japan-Australia Economic Partnership Agreement (JAEPA) took effect on 15 January 2015.
“These agreements provide a huge boost to trade and investment with two of our most important economic partners, and the Government wants to help business understand their full potential,” Mr Ciobo said.
“I’ll be traveling with a delegation of over 40 industry leaders who represent some of the best Australia has to offer these markets,” he said.
In both Tokyo and Seoul, Mr Ciobo will also host meetings with potential investors to promote increased investment cooperation.
Japan and Korea together took more than 20 per cent of Australia’s exports in 2013–14, making them Australia’s second and third-largest markets respectively.
The Australia-Korea Business Spotlight Programme of events includes a food, beverage and wine showcase to introduce premium products to senior managers from Korean food manufacturing companies, trading firms, importers and media.
Other events include a Gala Dinner for major food importers, retailers and managers from food service and retail companies, as well as roundtables focused on financial services and resources.
“We already have great trade and investment relationships with Japan and Korea, built over many years, but that doesn't mean they can’t be better,” Mr Ciobo said.
“This visit is designed to help our industries build our existing ties, as well as alert local markets to the great things Australia has to offer.”
- Parliamentary Secretary's Office: (02) 6277 2330
- Departmental Media Liaison: (02) 6261 1555