Trade

EU closes mammoth trade deal with Japan

The European Commission and Japan have finalized a bilateral free trade agreement, Trade Commissioner Cecilia Malmström said Friday.

“This is actually the biggest trade deal we have ever negotiated,” Malmström said.

The deal will allow the bloc to sell food products including cheese, wines, and pork in Japan at reduced tariffs, granting Japanese carmakers easier access to the European market in exchange. Together, the EU and Japan account for about 30 percent of the world’s gross domestic product.

The deal “sends a clear signal to the world that the EU and Japan are committed to keeping the world economy working on the basis of free, open and fair markets with clear and transparent rules fully respecting and enhancing our values, fighting the temptation of protectionism,” Commission President Jean-Claude Juncker and Japanese Prime Minister Shinzō Abe said in a joint statement.

Despite the announcement, the two sides have not reached an agreement on investment protection, which remains the outstanding obstacle to the deal, and talks will continue into the new year. Negotiators agreed to split investment protection from the rest of the deal to expedite negotiations.

“We agreed that we need a little bit more time to see how we can move on” the investment protection deal, Malsmtröm said.

The EU has insisted on applying the new Investment Court System to deal with grievances, while Japan prefers the previous mechanism known as Investor-State Dispute Settlement.

Original Article

Politico

The post EU closes mammoth trade deal with Japan appeared first on News Wire Now.

Related Articles

145 Comments

  1. I absolutely love your blog.. Excellent colors & theme. Did you develop this amazing site yourself? Please reply back as I’m trying to create my own personal site and would love to find out where you got this from or just what the theme is named. Cheers!

  2. After looking over a few of the blog posts on your website, I really appreciate your technique of blogging. I book marked it to my bookmark webpage list and will be checking back in the near future. Take a look at my web site too and tell me how you feel.

  3. Right here is the perfect site for everyone who would like to understand this topic. You know so much its almost tough to argue with you (not that I really would want to…HaHa). You certainly put a new spin on a topic which has been discussed for many years. Wonderful stuff, just great!|

  4. Hey! I could have sworn I’ve been to this website before but after checking through some of the post I realized it’s new to me. Anyways, I’m definitely glad I found it and I’ll be book-marking and checking back often!

  5. Fantastic site you have here but I was wondering if you knew of any forums that cover the same topics talked about here? I’d really like to be a part of group where I can get advice from other experienced individuals that share the same interest. If you have any recommendations, please let me know. Thanks!

  6. Very good blog! Do you have any recommendations for aspiring writers? I’m hoping to start my own blog soon but I’m a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many choices outthere that I’m completely overwhelmed .. Any suggestions? Thank you!

  7. When someone writes an piece of writing he/she keeps the plan of a user in his/her brain that how a user can understand it. Therefore that’s why this paragraph is great. Thanks!

  8. Howdy! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My blog looks weird when browsing from my iphone 4. I’m trying to find a theme or plugin that might be able to fix this issue. If you have any recommendations, please share. Many thanks!|

  9. Definitely believe that that you said. Your favorite reason seemed to be on the web the simplest thing to consider of. I say to you, I definitely get irked whilst people think about worries that they just don’t realize about. You controlled to hit the nail upon the top and defined out the entire thing with no need side effect , folks could take a signal. Will probably be again to get more.

  10. Hello just wanted to give you a quick heads up. The words in your post seem to be running off the screen in Ie. I’m not sure if this is a format issue or something to do with web browser compatibility but I thought I’d post to let you know. The design and style look great though! Hope you get the problem resolved soon. Kudos|

  11. I was suggested this blog by way of my cousin. I’m now not sure whether this put up is written by him as no one else recognise such specified about my difficulty. You are incredible!

  12. You really make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complicated and very broad for me. I am looking forward for your next post, I will try to get the hang of it!

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button