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2/04/2015

Aus wines already benefiting from Japan agreement

Australian wine companies are already beginning to see benefits of the Japan–Australia Economic Partnership Agreement (JAEPA) just two months after its initiation, according to The Australian Grape and Wine Authority’s (AGWA) Wine Export Approvals database.

Under JAEPA, the tariff on bulk wine has immediately been reduced to zero, while the 15 per cent import tariff on Australian bottled wine will be eliminated over seven years.

A reduction of 1.875 per cent on bottled wine kicked off the agreement in January and the second round of cuts came into effect yesterday, further reducing the tariff on bottled Australian wine to 11.3 per cent.

Andreas Clark, AGWA chief executive officer said while the data is only for a short period, when compared with January and February 2014, Australian wine exports to Japan increased in volume by 63 per cent and in value by 17 per cent in the first two months of calendar 2015.

“Reflecting the zero per cent tariff on bulk containers, the majority of the increase was in wines under $2.49 per litre, however growth was seen at all price points except in the $2.50–$4.99 segment,” Clark said. “For example, exports of wines over $10 per litre increased by 25 per cent and wines from $7.50 to $9.99 per litre increased by 37 per cent.”

Clark said AGWA was working to capture the benefits of JAEPA with a number of events in Japan in coming months.

“These include participating in Austrade’s Australia Week in Japan in April, our annual Wine Australia Tasting in Tokyo scheduled for early September, and themed master classes in a number of Japanese cities”, he said.

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