Your Voice on JAEPA: 2021 General Review
The Department of Foreign Affairs, Defence and Trade are in the process of a General Review of the implementation and operation of JAEPA (Japanese-Australia Economic Partnership Agreement) under Article 20.5 of the agreement.
This mandated General Review is an opportunity to upgrade and modernise the agreement to support an enhanced bilateral economic partnership. The General Review provides a framework to identify trade and investment policy opportunities, review FTA activities and to consider emerging developments in global trade policy more broadly.
Australia's approach to the General Review will consider outcomes agreed after JAEPA under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP). Australia and Japan are parties to both these agreements.
In 2019 DFAT conducted a Post-Implementation Review (PIR) of JAEPA in accordance with the Australian Government's Guide to Regulation. The PIR is a domestic regulatory requirement and was published on the Office of Best Practice Regulation website on 3 February 2020.
To further inform the review process of the unique considerations of the resources sector and areas or opportunity for professionals in the sector, AusIMM invited members to provide feedback on experience of areas of consideration of the Australia-Japan relationships including.
- ongoing investment condition that supports new mining venture and opportunities
- critical Minerals
- best practice codes and standards
- technology sharing and transfer
- any other considerations.