Japan Germany Free Trade Agreement

December 11, 2020 by eklose

Sbragia A (2010) Eu, US and trade policy: the interdependence of competition in the management of globalisation. J Eur Public Policy 17 (3):368-382 ec.europa.eu/trade/trade-policy-and-you/in-focus/exporters-stories/#p=#filter-partners-Japan&c – Almost all tariffs on trade between the European Union and the world`s third largest economy have been abolished. European companies could save around one billion euros in tariffs a year. Marks S, Burchard H, Livingstone E (2017) Big in Japan: How the EU withdrew its biggest trade deal. Politico, July 7. Available at www.politico.eu/article/big-in-japan-how-the-eu-pulled-off-its-largest-trade-deal-negotiations-tokyo-phil-hogan-cecilia-malmstrom-agriculture/. Jean-Claude Juncker, President of the European Commission, said: “The new agreement will give consumers more choice and better prices; it will protect major European products in Japan and vice versa, such as Tyrolean bacon or kobe beef; It will allow small businesses on both sides to connect to a completely new market; it will enable European companies to save EUR 1 billion in tariffs a year and boost the trade we already do together. Hiroaki Nakanishi, president of the Japan Federation of Business, said the agreement will “stimulate growth and create jobs for both sides.” On 26 June 2018, the European Council also adopted a decision on the signing and provisional implementation of a strategic partnership agreement between the EU and Japan. Both the EPA and the GSB will improve relations between the two parties in many ways. On the one hand, the EPA focuses on economic aspects such as the abolition and reduction of tariffs and the establishment of rules promoting free trade. On the other hand, the BSG will provide the legal framework for cooperation between Japan and the EU to find solutions to common challenges such as climate change, cybersecurity, energy security, disaster management and migration. It will also help boost economic growth, create jobs and strengthen business competitiveness in both Japan and the EU. Meunier S, Morin J-F (2017) The European Union and the time-time continuum of investment agreements.

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