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ASIA: "Asean Automotive Monthly: Executive Summary (May 2011)"

ASIA: "Asean Automotive Monthly: Executive Summary (May 2011)". 5-page Executive Summary by J.D. Power Asia Pacific.

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back to index backASIAtalk May,  2017


Understanding the EU-Japan Free Trade Agreement

Underway since 2013, it looks as if trade negotiations are coming to a close toward an EU-Japan Free Trade Agreement (FTA), as the European Union calls it, or Economic Partnership Agreement (EPA), the term used by the Japanese side. This is important as together, the economies of Japan and Europe account for a third of global GDP.

Moreover, the EU is Japan's third largest trading partner in the world, and seen from the EU, the Asian economic powerhouse ranks sixth. Trade between both economic areas stood at 125 billion euros ($136 billion) in 2016.

In April 2017, Yoichi Suzuki has become the Japanese government representative for Free Trade and Economic Partnership Agreement Negotiations, replacing Koji Haneda. Suzuki has been Japanese Ambassador to France as well as Director-General of the Foreign Ministry's Economic Affairs Bureau.

For the EU, the European Commission represents all 28 member states during trade negotiations. Mauro Petriccione, deputy director-general of the Directorate-General for Trade at the European Commission, will lead the EU delegation and report back to EU Trade Commissioner Cecilia Malmström.

The EU-Japan Trade Relationship

The current EU-Japanese trading relationship is built upon four major agreements: the EU-Japan Mutual Recognition Agreement (2002), the Agreement on Co-operation on Anti-competitive Activities (2003), the Agreement on Co-operation and Mutual Administrative Assistance (2008) and the Science and Technology Agreement (2009).

Based on the strong economic ties between the EU and Japan, the European Commission and the Government of Japan launched negotiations toward an FTA / EPA on March 25, 2013.

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Source: Japan Industry News - GAI



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