Eu Japan Free Trade Agreement

Mr Jean Lei?re, President of MEDEF | Commission for Access to the External Market and advisor to the President of BNP Paribas; Adrian van den Hoven, Director of International Affairs of the European Economy; Jean-Marie Paugam, Deputy Executive Director of the International Trade Center (ITC); Denis Redonnet, Head of WTO Unit, DG Trade, European Commission; And Dr. Patrick Messerlin, Director, GEM, and Professor of Economics, Sciences Po. Topics included each country`s position on the TPP, as well as the impact of the TPP and other important free trade agreements on world trade and European businesses. The EPA/EIE between the EU and Japan was also at the top of the agenda. The EPA contains “a number of provisions that simplify negotiation and investment procedures, reduce export and investment costs and, as a result, allow more small businesses to trade in both markets. Expected benefits include increased transparency, less stringent technical regulation, compliance requirements, customs procedures and rules of origin, better protection of intellectual property rights and geographical indications, better access to tendering procedures and a specific chapter allowing SMEs to maximize the benefits of the EPA.” (Source: proposal for the conclusion of the Economic Partnership Agreement between the European Union and Japan – COM (2018) 192 final) In order to raise public awareness of the opportunities offered by this agreement and to help EU SMEs use them, the EU-Japan Centre has set up a CEPOL assistance service to help and help EU SMEs find relevant information. Market Access In the past, European companies have faced trade barriers to export to Japan, which has sometimes made it more difficult for them to compete. Discover the current trade relationship between the EU and Japan Traditional trade relations between the EU and Japan were once marked by large trade surpluses in favour of Japan. Due to tighter legislation, the removal of technical barriers to trade and the removal of about 97% of import duties, the EPA will more than double European exports to Japan from around 80 billion euros a year to more than 180 billion euros a year over a ten-year period, with an equally dramatic increase in Japanese exports to the EU, from 55 billion euros to more than 140 billion euros.

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