[ad_1]
In Tokyo, European Council President Donald Tusk and European Commission President Jean-Claude Juncker will now sign a free trade agreement with Japan, sending a message of opposition to protectionism. Tusk and Juncker made a stop in Beijing on the occasion of the 20th EU Summit.
"The multipolar system is under attack, and it's an unprecedented badault since the end of the Second World War," Juncker said during his meeting with Chinese President Shi Jinping. "There is still time to avoid conflict and chaos," Tusk said.
The meeting of the two European leaders in Tokyo was originally scheduled to take place in Brussels last week, but Japanese Prime Minister Sino Abe was forced to cancel his European tour due to disasters caused by torrential rains , floods and landslides in the regions of western Japan
European Commission spokesperson Margaritis Schinas described "the agreement with Japan." This agreement, called JEFTA ( Japan-EU Free Trade Agreement, Japan-EU Free Trade Agreement), accounts for nearly a third of world GDP
On the European side, the agri-food sector is emerging as a major player since agreement will drastically reduce tariffs for almost all agricultural products, but in some cases there will be a transitional period.The two sides reached a compromise on the issue of dairy products, particularly romages imported to Japan from EU countries, whose high tariffs will be gradually reduced
. but only after a transition period of a few years
JEFTA was recently described as a "strong signal" against US protectionism by Cecilia Malmström, European Commissioner for Trade (19659002) The International Monetary Fund (IMF) warned Monday that rising trade tensions were likely to reduce the global slowdown in the near term, with Washington making a decisive shift to protectionism and imposing high tariffs on its allies.
Sources: AMP, AFP
[ad_2]
Source link
