Agreement Japan Eu

The agreement also allows for greater reciprocity in access to public procurement and opens up new opportunities for many European companies, particularly in the rail sector. The EU has negotiated an economic partnership agreement with Japan. This trifecta of agreements significantly improves relations between the EU and Japan and has global implications. While geography has divided them, common values and principles have brought the EU and Japan closer together and defended these values together. The Economic Partnership Agreement between the European Union and Japan, signed on 17 July 2018, came into force on 1 February 2019. At a time of growing trade tensions, this agreement sends an important signal to support open and mutually beneficial global trade based on high standards. EU-Japan trade: This agreement contains the main European principles of the right to regulation and high standards for environmental and labour protection. The EU and Japan meet regularly to discuss issues and best practices in implementing the agreement. As others have already pointed out, this data agreement is not perfect, as recognition can be revoked unilaterally at any time. The ideal solution would have been to incorporate the data agreement into the Economic Partnership Agreement. Nevertheless, this is an important step forward, unlike other free trade agreements signed around the world in recent years. In the 21st century, data has become one of the most important raw materials and no discussion of free trade is truly complete without mentioning the free and secure flow of data between nations.

The EU-Japan agreement is a model that can be replicated or improved by future agreements. The EPA and the Strategic Partnership Agreement (SSC) were launched in 2011, shortly after the tragedy of the great earthquake in eastern Japan. Negotiations on the EPA began in April 2013 and were rather slow at first. But the pace accelerated when the international environment began to change. The two sides agreed on the principle in July 2017, shortly after the inauguration of US President Donald Trump, making it clear that the EU and Japan remain committed to free trade. Negotiations on the EPA finally ended in December 2017 and the heads of state and government of Japan and the EU signed the agreement in Tokyo last summer, before proceeding with rapid ratification. EU-Japan Agreement: EU-Japan trade negotiations were launched at the 20th EU-Japan Summit on 28 May 2011, and EU-Japan trade negotiations were officially launched on 25 March 2013 by EU President Jose Manuel Barroso, President Herman Van Rompuy and Japanese Prime Minister Shinzo Abee. The entry into force of the EPA would have been a remarkable achievement.

But the EU and Japan are also celebrating a strategic agreement and a digital agreement that supports the EPA. One of the drawbacks of the EPA between the EU and Japan is why it was possible to conclude this agreement so quickly and without incident. In 2016, when the EU was about to sign its agreement with Canada, the Comprehensive Economic and Trade Agreement (CETA), it had a nasty surprise because the Walloon region was opposed to the agreement and threatened to block it.