Eu Free Trade Agreements Japan

Food trade THE EU/Japan EPA should boost trade goods and services and create many opportunities for EU SMEs: tariffs on more than 90% of Japanese imports from the EU will be abolished with the entry into force of the EPA. This will cover a wide range of sectors: agriculture and food, manufactured goods (including textiles, clothing, etc.), as well as forestry and fishing. In addition, non-tariff barriers to motor vehicles, medical devices and “quasi-drug” sectors are expected to be significantly reduced. Finally, the agreement will facilitate the export of services to the Japanese market and will affect a considerable number of sectors, from telecommunications to postal services to the financial sector. Relations between the European Union (EU) and Japan date back to 1959. They have a strong commercial relationship, particularly with regard to investment flows. [1] [2] The Japanese side has repeatedly stated that it has a strong interest in expediting the talks; The United States has withdrawn from the Trans-Pacific Strategic Economic Partnership (TPP) project. However, the main problem for the EU and for Germany is that we have reached a comprehensively ambitious free trade agreement that meets standards as high as the standards agreed in CETA with Canada. The conclusion of the talks resulted in a modern agreement between the EU and Japan, which provides for more open markets for European companies and sets high standards for the protection of the interests of consumers, the environment and workers. In the services sector with Japan, the EU recorded a surplus of 13 billion euros in 2018.

Learn more about exporting European food and drink to Japan as part of our EPA tax trade agreement? A number of informal bilateral dialogues and other specific initiatives have been put in place to support EU-Japan trade relations: the market access 7 July 2018, the European Union and Japan have signed an Economic Partnership Agreement (EPA), the largest trade agreement ever negotiated by the EU, which will create an open trade zone for more than 600 million people. Although cultural and non-economic relations with Western Europe increased considerably during the 1980s, the economic link remained by far the most important element of relations between Japan and Western Europe throughout the decade. Events in Western European relations, as well as political, economic or even military affairs, have been important to most Japanese commentators because of the direct impact on Japan.