The announcement on Monday night by the Prime Minster of Australia, The Hon Tony Abbott MP, that Australia and Japan have successfully concluded negotiations on an Economic Partnership Agreement, is very welcome news which will take the already excellent relationship with Japan to a new level.

The Prime Minster and Minster of Trade along with their team of officials were warmly congratulated by law firm Corrs Chambers Westgarth on achieving this historic agreement.

While full details are of course not yet available, it is already evident that there will be substantial and real benefits to the Australian economy, individual businesses including professional firms and for Australian consumers.

Corrs looks forward to closely examining the details of the Agreement once released and will ensure that a full analysis is made available to our clients at that time.

‘I was able to see first-hand the important changes underway in the Japanese economy during a visit to Japan in March this year. We held discussions with our key Japanese clients, as well as a range of influential business leaders and opinion makers’ said Corrs partner & CEO John W.H. Denton. ‘The extent of the changes being undertaken by Japan’s Prime Minister Shinzo Abe are quite profound and will have a significant influence on the future of the Japanese economy. Corrs has a long history of working with Japanese and Australian companies – and will continue to strengthen the firms commitment to Japan even further.’

John Denton noted that it was for this reason Corrs appointed last year past Austrade CEO and former Australian Ambassador to Japan, Peter Grey, as Co-Chair of the Corrs Japan Business Group.

Peter’s appointment to Corrs has significantly strengthened the firms international ties and capabilities, and is central to providing strategic advice to Corrs’ clients doing business with or in Japan.

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