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Trade deal and comparative advantage in agriculture

Prime Minister Tony Abbott and Prime Minister Shinzo Abe signed the Japan-Australia Economic Partnership Agreement (JAEPA) on 8 July 2014 in Canberra. According to the Department of Foreign Affairs and Trade’s official website: “More than 97 per cent of Australia‚Äôs exports to Japan will receive preferential access or enter duty-free when JAEPA is fully implemented. […]

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