The price of Japanese vehicles in Australia is expected to fall as much as A$2,000 ($1,854) now that Australia and Japan have agreed on a historic free-trade agreement that ends the 5% Australian tariff on motor vehicles. Australian Prime Minister Tony Abbott says the deal, seven years in negotiation, is of historic significance. “This is the first time that Japan has negotiated a comprehensive economic partnership agreement or free-trade agreement with a major economy, particularly a ...
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