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Shinzo Abe: A 'New Dimension' for Japan-Australia Ties

Japanese Prime Minister Addresses Asia Society in Canberra

CANBERRA, July 8, 2014 — Saying that his country is keen to promote shared norms for trade in the Asia-Pacific region, Japanese Prime Minister Shinzo Abe pointed to the Japan-Australia Economic Partnership Agreement, which he and Australian Prime Minister Tony Abbott signed on Tuesday as a pact that would accelerate the liberalization of trade and investment between the two countries.

“With a Japanese-Australia EPA put in place, the two countries’ economic relationship will be enhanced to a new dimension. It also will lead to ensuring competitiveness and facilitating activities for companies and investors. And a stable supply of energy and resources will be strengthened,” Abe said.

Abe spoke in Canberra at an event for business leaders that was organized by Asia Society Australia along with collaborating partners – Australia Japan Business Co-operation Committee, Japan Australia Business Co-operation Committee, Federation of Japan Chambers of Commerce & Industry in Australia, Australia Japan Foundation, Asialink, Australian Chamber of Commerce & Industry and the Business Council of Australia. His visit included a speech to the Australian parliament and a meeting with Prime Minister Abbott. Prime Minister Abe came to Australia from New Zealand and was headed next to Papua New Guinea.

Prime Minister Abe underscored Japan’s need to increase investment in the private sector, which is an element of the “third arrow” of "Abenomics," a structural reform plan, announced in June 2014, that aims to help pull Japan’s economy out of its long slump.

“We are advancing reform of the labor system,” Abe said, pointing to agriculture and health care as two sectors of Japan’s economy that stand to benefit from the reforms.

Asia Society Australia Chairman, The Hon Warwick Smith AM said the elevated relationship on trade and investment was “absolutely essential” for Australian growth. “It’s more than symbolism — it actually has deep meaning. What’s important for us is that Abe is having a deep commitment to the friendship and the trade,” he said after the Japanese leader spoke at at the lunch.

“Abe is basically saying we’ve done this trade agreement and now we’ve got to do the TPP. He wants to go down the continuum and that’s to our advantage. My sense is that it’s a much stronger embrace than we might otherwise have expected.”

Also on Tuesday, Abe and Abbott signed a new bilateral agreement encouraging the transfer of defense equipment and technology. News reports anticipating the agreement suggested that the new agreement would clear the way for Japan to provide Australia with technology for advanced submarines. Earlier this year, Japan ended a longstanding ban on the export of military hardware.

The new agreement reflects Japan’s new stance toward military engagement, particularly within the Asia-Pacific region. In May, while speaking at the Shangri-La Dialogues, a security meeting in Singapore, Abe said that Japan would provide support to countries in their territorial disputes with China. Last week, Abe announced that Japan had reinterpreted its constitution in a manner that will allow the country to come to the defense of its allies that are under attack.

Reported by Josh Rosenfield


Media

9 July, 2014, ‘No limits’ as Japan opens arms to trade, David Crowe, The Australian  [pdf]
8 July 2014, Abe Says Japan's Military Vow 'Still Fully Alive', Rob Taylor, The Wall Street Journal 

Related media mentions for H.E. Shinzo Abe, Prime Minister of Japan's vist to Australia:

8 July 2014, Japan's prime minister Shinzo Abe addresses Federal Parliament, signs free trade deal with Australia, Latika Bourke, ABC News
8 July 2014, The Japan FTA marks a new chapter for Australian business, Joseph Healy, Business Spectator 
8 July 2014, Japan PM Shinzo Abe Declares Peace Goals in Historic Australia Visit, ndtv.com
8 July 2014, Abe’s Australia visit comes in the wake of constitutional controversy, Craig Mark, The Conversation
8 July 2014, Abe Hails Start of ‘Special’ Relationship With Australia, Jason Scott and Isabel Reynolds, Bloomberg
8 July 2014, FTA opens Japanese doors for Australian business, Tim Harcourt, The Conversation
8 July 2014, Japan's Abe declares peace goals in historic Australia visit, The Guardian
8 July 2014, How important is the Japan-Australia Trade Deal? BloombergTV  (University of Melbourne's Professor Richard Tanter speaks to Rishaad Salamat)
 7 July 2014, Japanese prime minister Shinzo Abe to address joint sitting of Parliament on Australian visit, Catherine McGrath, ABC News
5 July 2014, All eyes on Shinzo Abe’s key visit, Greg Sheridan, The Australian

H.E. Shinzo Abe, Prime Minister of Japan addressing business lunch hosted by Asia Society and collaborative partners. (Irene Dowdy)
The Hon Warwick Smith, Chairman of Asia Society Australia greets Prime Minister Abe watched by Sir Rod Eddington, President AJBCC. (Irene Dowdy)
Jennifer Westacott, CEO, Business Council of Australia with Kate Carnell AO, CEO, Australian Chamber of Commerce & Industry. (Irene Dowdy)
The Hon Andrew Robb AO , Minister for Trade & Investment with Dr Max Yasuda AO, President, Japan Chamber of Commerce & Industry. (Irene Dowdy)
Sir Rod Eddington AO, President, Australia Japan Business Co-operation, Committee; Dr Akio Mimura AC, Chairman, Japan Australia Business Co-operation Committee with The Hon Warwick Smith AM, Chairman, Asia Society Australia. (Irene Dowdy)
Murray McLean AO, Chairman, Australia Japan Foundation, Dr Akio Mimura AC, Chairman, Japan-Australia Business Co-operation Committee with Prime Minister Shinzo Abe. (Irene Dowdy)
Welcome business lunch for Prime Minister Abe at the Gandel Hall, National Gallery of Australia, Canberra. (Irene Dowdy)
Sam Walsh AO, Chief Executive Officer, Rio Tinto with Masami Nitta, Managing Director, IHI Engineering Australia. (Irene Dowdy)
The Hon Ian MacFarlane, Minister for Industry with the Hon Warwick Smith AM, Chairman, Asia Society Australia. (Irene Dowdy)
Lance Hockeridge, CEO, Aurizon, Masami Lijima, President & CEO, Mitsui & Co, The Hon Andrew Robb AO, Minister for Trade & Investment and Takashi Yamauchi, CEO, Mitsui & Co (Asia Pacific). (Irene Dowdy)
The Hon Warwick Smith AM, Chairman, Asia Society Australia with John Gandel AO, Chairman, Gandel Group of Companies; Pauline Gandel, Company Director, Gandel Group of Companies and Ross Adler AC, Chairman & CEO, Amtrade International. (Irene Dowdy)
The Hon Julie Bishop, Minister for Foreign Affairs with Dr Akio Mimura AC, Chairman, Japan Australia Business Co-operation Committee. (Irene Dowdy)
John Alexander, Deputy Chairman, Crown Resorts with James Packer, Chairman, Crown Resorts. (Irene Dowdy)
Peter Varghese AO, Secretary, Department of Foreign Affairs and Trade with Richard Woolcott AC, Founding Director, Asia Society Australia. (Irene Dowdy)
The Hon Warwick Smith AM, Chairman, Asia Society Australia with James Packer, Chairman, Crown Resorts. (Irene Dowdy)
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