December 8, 2020

European Union Japan Agreement

Negotiations between the EU and Japan have also focused on a number of non-tariff measures that have raised concerns for EU companies, with some technical requirements and Japan`s certification procedures often making it more difficult to export safe European products to Japan. The agreement will lead to a long way to go to facilitate access for EU companies to the highly regulated Japanese market, particularly with regard to motor vehicles. The EPA ensures that Japan and the EU fully adapt to 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 do not need to be re-tested and certified when exported to Japan. Now that Japan has committed to international automotive standards, EU car exports to Japan will be greatly simplified. EU-Japan relations are anchored in two documents: the 1991 Joint Declaration and the 2001 Action Plan for EU-Japan Cooperation. There is also a series of forums between the two, including an annual summit of heads of state and government and an inter-parliamentary body. [1] The two sides have now agreed to work towards a comprehensive free trade agreement, which was discussed at the 42nd G7 Summit on 27 May 2016. Four agreements have been signed to date by both parties; [2] This agreement opens up important economic opportunities and creates an area of nearly 600 million people who account for nearly 30% of global GDP. The EU and Japan meet regularly to discuss issues and best practices in implementing the agreement. Trade negotiations have been under way between the EU and Japan since March 2013. At the EU-Japan summit on 6 July 2017, the two sides agreed on the principle of the main elements of a free trade agreement. Among the key elements: on 17 July 2018, the European Union and Japan signed an Economic Partnership Agreement (EPA), the largest trade agreement ever negotiated by the EU, which will create an open trade area of more than 600 million people. The agreement clearly promotes the fight against climate change and includes measures to combat climate change.

It obliges both countries to implement the Paris Agreement. It also includes obligations to comply with multilateral agreements and to ratify international labour organization (ILO) conventions. Learn more about exporting European food and drink to Japan as part of our EPA tax trade agreement? This agreement guarantees better access to the Japanese market and, therefore, new export opportunities for European and French producers, particularly those selling beef, pork, cheese, processed products, wines and spirits; Food trade statistics:ec.europa.eu/info/sites/files/food-farming-fisheries/farming/documents/agrifood-japan_en.pdf The EU has negotiated an economic partnership agreement with Japan.