Free Trade Agreement Between Eu And Japan

The EU has negotiated an economic partnership agreement with Japan. EU-Japan The EU and Japan meet regularly to discuss issues and best practices in implementing the agreement. Japan is one of Germany`s main trading partners in Asia. And Germany is Japan`s largest partner country in Europe. Since 2009, the volume of trade has continued to grow, reaching some 42.4 billion euros in 2017. Japan and the EU are bound not only by a close partnership within the G7, but also by our strong economic relations, supported by common values. Agri-food trade European companies and investments in Japan can be difficult[14] and there have been some trade disputes between the two parties. However, the slowdown in the Japanese economy has encouraged them to become more open to business and investment in the EU. [2] In the work of reducing trade barriers, the emphasis is on opening up investment flows. [1] – On 17 July 2018, the European Union and Japan signed an Economic Partnership Agreement (EPA), the largest trade agreement ever negotiated by the EU, which will create an open trade area of more than 600 million people. Between 2009 and 2011, trade in trade in commercial services between the two partners increased, with the EU maintaining a stable surplus and Japan`s share of total EU imports also remained stable at just over 3%. [10] In order to raise awareness of the opportunities offered by this agreement and to help EU SMEs use them, the EU-Japan Centre has set up a CEPOL assistance service to help and help EU SMEs search for relevant information.

In the services sector with Japan, the EU recorded a surplus of 13 billion euros in 2018. COMMERCE BETWEEN the EU and Japan: The Japanese side has repeatedly stated that it is very interested in a speedy conclusion to the talks; The United States has withdrawn from the Trans-Pacific Strategic Economic Partnership (TPP) project.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.