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EU signs ‘historic’ Japan trade deal

[ July 18, 2018   //   Chris ]

The EU and Japan signed an Economic Partnership Agreement on 17 July described as the largest trade agreement ever negotiated by the EU and widely seen asthrowing down the gauntlet to US president Donald Trump and his protectionist policies. It will remove the vast majority of the €1 billion of duties on EU exports to Japan, along with a number of regulatory barriers, for example on cars The deal guarantees EU companies access to the large procurement markets of 48 large Japanese cities, and removes obstacles to the national rail sector. The deal now needs to be ratified by the European Parliament and the Japanese Diet following which it could enter into force in 2019.

Tags: European Union