On 17 July 2018, Japan and the European Union (EU) signed an Economic Partnership Agreement (EPA) that removes EU tariffs on Japanese cars as well as the vast majority of tariffs on imports of European meat, wine and dairy products. If the agreement is approved and implemented by the Japanese Parliament and the European Parliament, both sides have huge market opportunities: facilitate liberation with our free tools. With FedEx Electronic Trade Documents, you reduce the risk of delays by submitting your documents electronically. European Commission (2015) Trade for all: towards a more responsible trade and investment policy Available on trade.ec.europa.eu/doclib/docs/2015/october/tradoc_153846.pdf Accessed on 12 October 2017 In order to raise awareness of the opportunities offered by this agreement and to help EU SMEs to exploit them, the EU-Japan Centre has set up an EPO helpdesk to help and guide EU SMEs in finding relevant information. Discover the current trade relations between the EU and Japan Jean-Claude Juncker, President of the European Commission “The EU, Japan sign a major trade agreement in Agence France-Presse Frenkel`s “Message against protectionism” M, Walter B (2017) The EU-Japan economic partnership agreement: relevance, content and policy implications. Intereconomics 52 (6): 358-363 The EU and Japan will soon become the largest free trade area in the world. But this record could only be short-lived as Brussels pursues a deal with South American Mercosur, said CECILIA Malmström of the EU. (29.12.2018) Jean-Claude Juncker, President of the European Commission, said: “The new agreement will offer consumers more choice and better prices; it will protect major European products in Japan and vice versa, such as Austrian Tyrolean bacon or kobe beef; small businesses on both sides will have the opportunity to connect into an entirely new market; it will save European businesses €1 billion in tariffs a year and boost the trade we already do together. The EU-Japan EPA is expected to boost trade in goods and services and create many opportunities for EU SMEs: tariffs on more than 90% of Japanese imports from the EU will be eliminated as soon as the EPA enters into force. This will cover a wide range of sectors covering agriculture and food, industrial products (including textiles, clothing, etc.) as well as forestry and fisheries. In addition, non-tariff barriers to motor vehicles, medical devices and “quasi-drugs” should be significantly reduced. Finally, the agreement will facilitate the export of services to the Japanese market and will cover a wide range of sectors, from telecommunications to the financial sector to postal services. Dreyer, I (2017) The Japanese negotiator in TPP proposes a permanent Investment Court in European style.
The EPA ensures that Japan and the EU fully comply with the same international standards for product safety and environmental protection, which means that European cars are subject to the same requirements in the EU and Japan and there is no need to test and re-certify them for export to Japan. Now that Japan is committed to meeting international vehicle standards, motor vehicle exports to Japan will be significantly simplified. . . .