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Agreement in Principle Reached on EU-Japan EPA
July 6, 2017

At the formal EU-Japan Summit held in Brussels on July 6, the leaders of the EU and Japan reached an agreement in principle on the EU-Japan EPA. Details still have to be finalised in ongoing negotiations through most of the remainder of the year, but the agreement is politically agreed. This agreement comes more than ten years after the EBC first requested the EU and Japanese Authorities to negotiate an economic integration agreement. Throughout this period, the EBC provided significant input and recommendations and will continue to be engaged by monitoring its implementation. An agreement in principle has also been reached on an EU-Japan Strategic Partnership Agreement.

The content of the agreement is comprehensive and deep and covers many of the non-tariff barriers submitted by the EBC to the EU negotiators. The level of the agreement is very high and far exceeds the now defunct TPP earlier negotiated by Japan. Youcan learn much of the detail by following the links below. For example, 91% of tariffs applied to European products will be eliminated at entry into force and another 8% of tariffs will be eliminated over transition periods. We compliment the European Commission negotiators on their success.


EBC press releasePDF
http://trade.ec.europa.eu/doclib/press/index.cfm?id=1686
http://trade.ec.europa.eu/doclib/press/index.cfm?id=1687
http://trade.ec.europa.eu/doclib/cfm/doclib_section.cfm?sec=127
http://trade.ec.europa.eu/doclib/docs/2017/july/tradoc_155693.doc.pdf
http://www.consilium.europa.eu/en/meetings/international-summit/2017/07/06/
http://trade.ec.europa.eu/doclib/cfm/doclib_section.cfm?sec=127
http://trade.ec.europa.eu/doclib/docs/2017/july/tradoc_155684.pdf

 

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