The EU-Japan deal - European Commission

10/08/2018

The EU-Japan deal

 

The EU and Japan signed an Economic Partnership Agreement last month.

"The agreement will remove the vast majority of the €1 billion of duties paid annually by EU companies exporting to Japan, and has led to the removal of a number of long-standing regulatory barriers, for example on cars. It will also open up the Japanese market of 127 million consumers to key EU agricultural exports and will increase EU export opportunities in a range of other sectors.

The Economic Partnership Agreement will also in addition strengthen cooperation between Europe and Japan in a range of areas, reaffirm their shared commitment to sustainable development, and include for the first time a specific commitment to the Paris climate agreement.

The Commission published EU-Japan trade in your town, an interactive map showing towns and cities around Europe that export to Japan. For example, Cork in Ireland ships pharmaceuticals, dairy products and chemicals, while the town of Páty in Hungary sends pork, self-checkout terminals and manicure products. The tool includes infographics for each EU country, detailing the number of exporting companies, the number of jobs supported by exports to Japan, a list of products exported from each Member State, and other import/export statistics". See full text here