Following domestic approval processes in Australia and Japan, the JAEPA will come into force and 99.7% of Australia’s exports of resource, energy and manufacturing products will benefit from duty-free enter into Japan. All of Australia’s current resources, energy and manufactured goods exports with benefit from duty-free entry into Japan on full implementation of the JAEPA.
The JAEPA does not include investor-state dispute settlement (ISDS) provisions, offering cross-border investors protection against political risks such as expropriation of investment assets or profits and discrimination between cross-border investors and national investors.
The original article was prepared by Leon Chung, Partner, and Kate Lindeman, Solicitor, Sydney, and can be read here.
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