2 hours agoEU, Japan Reach Free Trade Agreement
Periskopi(9 years ago)
(9 years ago)The European Union and Japan have formally agreed to a free trade agreement. The deal paves the way for goods trade without tax barriers between the world's two largest economic zones. The basic plan was signed in Brussels after meeting between Japan's Prime Minister Shinzo Abe and European Commission President Jean-Claude Juncker, while [...]
The European Union and Japan have formally agreed to a free trade agreement.
The deal paves the way for goods trade without tax barriers between the world's two largest economic zones.
The basic plan was signed in Brussels after meeting between Japan's Prime Minister Shinzo Abe and European Commission President Jean-Claude Juncker, while finalising the agreement was said to take some time.
European Council President Donald Tusk said the plan testifies to the EU's commitment to global trade.
The two most important sectors are Japanese cars and EU livestock.
Japan is the third largest economy in the world, with a population of 127 million.
Its needs for milk and milk products have grown steadily in recent years, while farmers in the EU are struggling with falling demand in their countries.
