Department of State Development
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South Australia and North East Asia relationship

The North East Asia region comprises Japan, the Republic of Korea (ROK) and Taiwan. Together they represent approximately 9% of global GDP, and are characterised by stable and developed  economies.

South Australia and the North East Asia region maintain a historic connection, and cooperation extends to diverse areas such as trade in services and goods, education, culture, and student exchanges. Free Trade Agreements with Japan (the Japan-Australia Economic Partnership Agreement (JAEPA)) and ROK (the Korea-Australia Free Trade Agreement (KAFTA)) entered into force in January 2015 and December 2014 respectively.  These reduce tariffs and provide better access to the markets for Australian exporters in many areas of interest to South Australia, providing significant advantages over competing imports from other countries.

North East Asia market

The North East Asia region presents significant opportunities arising from highly urbanised populations with high incomes and an appetite for high-quality goods and services.

South Australia sold a total of just over $1.1 billion of goods to Japan, ROK and Taiwan in 2015-16; Japan is South Australia’s fifth biggest market, Taiwan its eleventh and ROK its twelfth. There is scope for South Australia to offer its world-class products and services in the areas of premium food, wine and agribusiness, health, biotechnology and aged care services, higher education and VET, water, energy and environmental management, defence-aviation, aerospace and advanced manufacturing. 


North East Asia Action Plan

North East Asia Action Plan

Launched in July 2017, the North East Asia Action Plan has been developed to assist business and government to work together to implement effective actions to assist with entry to key markets in a targeted and focused approach.

Enhancing South Australia’s engagement in North East Asia will promote growth of the state’s exports, inbound investment and opportunities for collaboration and partnership.

North East Asia Action Plan
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See opportunities in each country

 

Want to know more?

A dedicated team is on hand to support businesses looking to export to North East Asia.