The Japan-Australia Economic Partnership Agreement (JAEPA) was finalised during a visit to Japan by Mr Abbott earlier in 2014, with this week’s development being the first free trade agreement that Japan has made with a major developed economy.

The two Prime Ministers are set to travel to the Pilbara and Perth to visit a number of projects currently involving joint Japanese and Australian investment.

Resource industry employer group Australian Mines and Metals Association (AMMA) has praised the deal, saying the historic agreement strengthens ties with one of Australia’s most valuable trade partners,...