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ANZCCJ welcomes Australian and Japanese business leaders to a lunch and keynote speech by Hon Steven Ciobo

19 Apr 2017 4:40 PM | Anonymous member (Administrator)

ANZCCJ welcomes Australian and Japanese business leaders to a Lunch and keynote speech by Hon Steven Ciobo

 19 April 2017

 By Sam Brustad

 ●  The ANZCCJ hosted Hon Steven Ciobo, Australian Minister for Trade, Tourism and Investment at a Luncheon at the Conrad Hotel Tokyo on 19 April 2017.

  • After a welcoming address by ANZCCJ Chair, Andrew Gauci, Minister Ciobo made his remarks to an audience of 80 business leaders including an accompanying business delegation from Australia. This was followed by a lively Q&A session.

ANZCCJ was proud to host a sit-down luncheon at the Conrad Hotel Tokyo to welcome Hon Steven Ciobo, Australian Minister for Trade, Tourism and Investment. Minister Ciobo is in Japan leading a delegation of Australian businesses to showcase Australian capabilities in a range of key sectors including which is an area of particular interest in Japan on 18 and 19 April.

The event allowed Minister Ciobo to directly engage with business leaders from both Japan and Australia and was attended by the Australian Ambassador, HE Richard Court, members of the ANZCCJ Executive Council and senior officials from the Australian and New Zealand embassies in Tokyo.

 During his welcoming remarks, ANZCCJ Chair Andrew Gauci referenced the strong case for increasing the bilateral relationship signified by this visit. He also acknowledged Ambassador Court who formally delivered his credentials to His Majesty the Emperor of Japan just last week, saying that he looked forward to working with him closely in the future.

Minister Ciobo then spoke on the various opportunities for the Japan- Australia bilateral relationship. He began by acknowledging the committed work of the ANZCCJ and its members to promote Australia in Japan. He reflected on the importance of this year – with 2017 marking the 60th anniversary since the signing of the 1957 Australia-Japan Commerce Agreement – and on the importance of the historic relationship between the two countries.

Further trade deals such as JAEPA have helped to promote the free flow of goods and services between Australia and Japan. Since the signing of JAEPA both Australian and Japanese exporters have benefitted, with key industries such as Australian beef and wine up 25% and 13% respectively. For Japan, the rate of engineering technology exported to Australia is up by 40% and passenger vehicles up 17%. This growth trend looks set to develop beyond these traditional sectors as well, with up-and-coming industries such as digital currencies and Bitcoin technology expected to be another huge source for growth. Minister Ciobo also made clear that the Australian government is committed to taking a diverse approach to Asian markets with a strong focus on Japan, particularly in raising the profile of Japanese businesses in Australia.

During the Q&A session Minister Ciobo was asked his thoughts on the future of trade deals such as the prospect of a TPP11. Minister Ciobo said that Australia remained committed to promoting free trade, particularly during this time when the benefits of trade globalisation have been called into question. When asked about the benefits of free-floating currencies the Minister acknowledged that while it had certainly benefited the Australian economy as a “shock absorber” during the resource boom and the GFC, individual countries needed to assess their particular economic situation in order to make the appropriate decision.

Read the full script of Minister Ciobo’s speech here

 ANZCCJ media inquiries: Cristina Merino, ANZCCJ Executive Director

T 03 6234 9350 | E cristina.merino@anzccj.jp

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