Sep 24, 2021 / by OsmondMarketing / No Comments

Total trade in services between the EU and Japan accounts for around 35% of total merchandise trade between the EU and Japan. At the same time, EU services exports to Japan account for around 50% of EU goods exports to the country. In Japan, activity or investment can be a challenge for European companies due to the characteristics of Japanese society and the Japanese economy. This agreement contains the main European principles of the right to regulation and high environmental and labour standards. To support eu-Japan trade relations, some informal bilateral dialogues and other specific initiatives have been set up: they could also consider our previous podcast on EU options in the event of a global trade war with Guntram Wolff, director of Bruegel, and Bernd Lange, Member of the European Parliament and Chair of the Committee on International Trade. The provisions of this agreement on geographical indications protect many French products, including champagne and Roquefort cheese. To find out more about exporting European food and beverages to Japan under our epa fiscal trade agreement? Between 2009 and 2011, trade between the two partners increased, with the EU maintaining a stable surplus and Japan`s share of total EU imports stable at just over 3%. [10] The EU and Japan meet regularly to discuss issues and best practices in the implementation of the agreement. Relations between the European Union (EU) and Japan date back to 1959. You have a strong commercial relationship, especially on investment flows. [1] [2] The EU and Japan signed a pioneering trade agreement this summer that will create the world`s largest open economy.

This agreement guarantees better access to the Japanese market and thus new export opportunities for European and French producers, in particular those selling beef, pork, cheese, processed products, wines and spirits; Tamotsu Nakamura and Maria Ã…senius participated in a meeting of the Bruegel Conference on International Trade and the EU-Japan Agreement. To date, six important agreements have been concluded between the EU and Japan. The development of merchandise trade since 2000 has been marked by a significant decline in the EU27`s trade deficit with Japan, whose share of total EU imports has fallen considerably, from 9.3% in 2000 to 3.6% in 2012. For more details, see the following table:[10] The Economic Partnership Agreement between the European Union and Japan, signed on 17 July 2018, entered into force on 1 February 2019. At a time of growing trade tensions, this agreement sends an important signal for open and mutually beneficial global trade based on high standards. About the agreement:ec.europa.eu/trade/policy/in-focus/eu-japon-economic-partnership agreement/The Economic Partnership Agreement will be the largest bilateral trade agreement ever signed by the EU, which will allow not only the introduction of customs duties, but also regulatory cooperation, as well as a special focus on promoting the interests of SMEs. . . .