Let’s tap into new Japanese markets

It is also a political coup for the federal government which, under Tony Abbott, has been able to secure a deal that previous governments could not.

There is still plenty of detail to be worked through, but early indications are that there could be some great opportunities for the Bathurst region which must now be explored.

Besides the expected price drop for many imported good for local buyers, a free trade deal with Japan should also open new markets for local exporters.

And Bathurst’s premium wool industry is one that could be a real winner.

Our region may not be home to the largest search wool producers in the land, but a focus on quality should hopefully put them in good stead in dealing with Japan.

There could also be opportunities for local major manufacturers – including Simplot, Mars and Devro – while the Central West’s growing wine industry could benefit from tariff reductions.

Education is another potential winner.

Charles Sturt University already has overseas campuses in Canada and the idea of increasing links with Japan must also appeal.

But the signing of a free trade deal can only reap benefits if the local stakeholders are willing to do the necessary groundwork.

Now is the perfect time for Bathurst to leverage further off its sister city relationship with Ohkuma and look to increase trade links throughout Japan.

There are rich new markets just waiting to be tapped. And if Bathurst doesn’t do it, you can be sure plenty of other Australian towns and cities will.