EU parliament approves 'world's largest' free trade deal with Japan

Posted on:14 Dec 2018 13:34:54
EU parliament approves 'world's largest' free trade deal with Japan
14 December 2018 Current Affairs:

EU-Japan Economic Partnership Agreement will remove duties on almost all agricultural and industrial products as well as open up the service sector and procurement. It also moves to eliminate non-tariff barriers to trade.

The deal will create an open trading zone covering 635 million people and almost one-third of the world's total GDP.

Japan's Parliament has already approved the agreement.

EU businesses export €58 billion ($66 billion) in goods and €28 billion in services to Japan every year.


EU-Japan Economic Partnership Agreement will remove duties on almost all agricultural and industrial products as well as open up the service sector and procurement. It also moves to eliminate non-tariff barriers to trade.

The deal will create an open trading zone covering 635 million people and almost one-third of the world's total GDP.

Japan's Parliament has already approved the agreement.

EU businesses export €58 billion ($66 billion) in goods and €28 billion in services to Japan every year.


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