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Legislation to give effect to the Japan–Australia Economic Partnership Agreement (JAEPA), signed on 8 July 2014, has been introduced into parliament.
The Customs Amendment (Japan–Australia Economic Partnership Agreement Implementation) Bill 2014 (the Customs Bill) will amend the Customs Act to introduce new rules of origin for goods that are imported into Australia from Japan. The Customs Act amendments will enable goods that satisfy the rules of origin to enter Australia at preferential rates of customs duty. The Customs Tariff Amendment (Japan–Australia Economic Partnership Agreement Implementation) Bill 2014 will amend the Customs Tariff Act 1995 to implement the JAEPA by:
The amendments will be operative from the later of the day the Customs Bill receives the Royal Assent and the day the JAEPA, signed on 8 July 2014, comes into force for Australia. The JAEPA is expected to come into force in early 2015, subject to Australia’s treaty process being completed and the exchange of diplomatic letters.
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Established in 1917, Clarke Global Logistics is a reputable Australian Customs Broker and Freight Forwarder; offering a totally integrated trade service both locally and globally.