Jared Kushner, chief White House Nepotism Beneficiary
flags of the cheapest cars industry under the free trade agreement with Japan.
In 2013, Australians bought more than 360,000 vehicles from Japan.
The car lobby says Australian consumers will benefit from cheaper Japanese cars, tilt lower prices from 1000 to 2000 on a car 30 000, following the Free Trade Agreement with Japan.
The price reduction was one of the main selling points of the Japan-Australia FTA, which will import tariffs on cars fall 5 percent to 0.
He does not yet know if the price will fall suddenly or if it will be reduced gradually.
Last year Australians bought more than 360,000 vehicles from Japan worth over 6 8 billion.
Andrew McKellar from the Australian Automobile Association, which represents automobile clubs and consumer, that Japanese cars will soon get cheaper.
There are billions and billions of dollars; it is a truly massive trade, he said.
We have seen from past experience, when there was a tariff reduction, it has been passed through to consumer prices fully and fairly quickly.
Currently, about a third of all new vehicles sold in Australia from Japan, and there is a fee of 5 percent.
So if we see that eliminated, we expect that this would mean the new car prices are expected to fall somewhere on average between 1000 and 2000.
Japan is the largest exporter of cars in Australia, followed by Thailand and South Korea.
Audio March 03 Car Tips pressure fall in the price of Japanese cars.
Since 2000, Australia has reduced tariffs on imports of motor vehicles by 15 percent to 5 percent.
The free trade agreement will see this fall to 0 for vehicles from Japan.
The second largest car market imports from Australia is Thailand, which already has a free trade agreement with Australia, and the tariff on imported cars is 0.
Mr McKellar said that lower tariffs will add a little more competition in the market.
International trade expert Alan Oxley agrees, saying free trade agreements have historically low prices for consumer goods.
When we had our high tariffs on industrial goods, shirts cost $ 70; now they cost 5, he said.
The Australians have now got 65 they can pass the education of children, retirement repo The reality is that we had a significant lift of wealth in the country because of these open markets.
It is anticipated the falling price of a new car could also see the falls through the used car market.
The safest and best performing vehicles will be new vehicles, so I think we need to encourage the continued reduction in the average age of the Australian fleet, said Mr McKellar.
There may be some impact on the used car market, but at the end of the day, you're paying less for a new car.
This will save you money and so you have got more money in your pocket.
flags of the cheapest cars industry under the free trade agreement with Japan ABC News (Australia, Industry, flags, cheaper cars.
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