How the EU-Japan trade agreement will grease the wheels of trade

How the EU-Japan trade agreement will grease the wheels of trade

On course for signing in 2018 and to take effect the following year, the trade deal will strip away most of the €1 billion in duties that EU companies pay to export to Japan. It tears down a number of long-standing regulatory barriers to create a more level playing field. 

It will open up services markets, including financial, e-commerce, telecom and transport. At the same time, it protects over 200 typical EU foods and drinks from cheap imitations in Japan. The potential from cutting down the barriers is enormous: in a similar agreement with South Korea, EU exports there have increased by more than half in the five years since the deal took effect.

Top