Australia-Japan Relations Essay

Australia-Japan Relations Essay-3
Australia supplies over 63 per cent of Japanese coal imports and 62 per cent of iron ore.Outside of crude oil, Australia is the largest supplier of energy fuels to Japan, with Qatar recently catching up to Australia in the supply of LNG.

Australia supplies over 63 per cent of Japanese coal imports and 62 per cent of iron ore.Outside of crude oil, Australia is the largest supplier of energy fuels to Japan, with Qatar recently catching up to Australia in the supply of LNG.

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With last week’s decision to re-interpret the Japanese Constitution to permit commitments to collective defence, some see a thickening of security ties across the US–Japan and US–Australia relationship as naturally extending into a formal trilateral alliance.

But harder heads know that this would not be without considerable risks and that the region needs a broader framework in which to engage China and other players.

Prime Minister Abe’s visit offers an opportunity to display Japan’s willingness to invest in just such an endeavour.

Despite their locations on opposite ends of the Pacific, Australia and Japan share many concerns: the safety of their shipping via sea lanes, the increased pressure put on them by China's rise in power and a complicated alliance with the United States.

Both countries, from the base of a strong bilateral relationship, also rely on their alliance relationships with the United States to maintain peace and stability in the Asia Pacific.

Both countries are grappling for a broader framework within which to manage their relationships in Asia.

Australia’s biggest growth potential lies in exporting services and high value-add products to China and throughout the region.

China is embedded in the global trading system and has shown it is keen to play a positive role in broader regional economic cooperation.

Japan is Australia’s second most important economic partner, with trade and investment of close to US billion annually — Australia is Japan’s fourth largest trading partner.

Less recognised is the strategic importance of the economic relationship: Australia is the largest supplier of strategic raw materials to Japan and underwrites its industrial strength.

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