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EU agrees biggest free trade deal with Japan
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10th December 2017
Two of the largest players in adopting bilateral trade deals - the EU and Japan - have concluded another trade deal which is expected to liberalise almost all trade between the two. This was announced on the same day that the UK reached initial agreement with the EU on the first stage of the Brexit negotiations.
According to a report in the Financial Times, the agreement, which took 4 years to negotiate, covers 600 million people and accounts for approximately 30% of global GDP.
It's done. @EU_Commission and #Japan finalised negotiations of the Economic Partnership Agreement between the #EU and Japan today - a powerful political signal to the world, keeping the flag of free and fair trade high: https://t.co/3YUi5cgXoC pic.twitter.com/S3cJ8Qvm5A
— Jean-Claude Juncker (@JunckerEU) December 8, 2017
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