Japan-EU "against protectionism Trump", 40% of world trade "Free Trade Rights" birth

Signature of the Economic Partnership Agreement … More than 90% of the elimination of customs duties on exports
United States: "Customs dissatisfaction with the repatriation of steel", EU-EU civil dispute at the WTO
Japan and the European Union (EU) have signed an Economic Partnership Agreement (EPA), a kind of Free Trade Agreement (FTA)

While the US administration is strengthening its Protectionist color, Sun-EU has formed a vast free trade area that has a population of about 600 million people, about 30% of the world's gross domestic product (GDP) and 40% C is a demonstration that we will fight against.

The signing ceremony was held on the same day at the Tokyo residence. In Japan, Prime Minister Shinzo Abe, on the EU side, the permanent chairman of the Dnaltosk summit and Jean Claude Junck, the EU's executive chairman, attended the meeting. Abe was scheduled to hold a signing ceremony in Brussels on November 11, but the Abe visit to Europe was canceled due to heavy rains in western Japan.

Japan and the EU said in a joint statement: "The signature is historic and sends a strong message that it goes against protectionism," he said. declared. "We will fight against protectionism." "Japan and the EU want to lead the world as a free trade team as protectionism spreads," Abe said at a press conference . Mr Abe said he hoped the agreement would become a new engine for Abe Nomics.

The Japanese Ministry of Foreign Affairs stated that Japan's real GDP was about 1%. (About 5,000 trillion yen) and the employment rate will increase by about 0.5% (about 290,000). Both parties are aiming for the early entry into force of the agreement by next March. When the EPA comes into force, there will be no more than 90% tariffs between the two parties.

The Japanese government is also accelerating the adoption of the Pacific Rim Economic Partnership Agreement (TPP11), an FTA with eleven countries other than the United States. On November 18 and 19, Kanagawa Prefecture will hold a meeting of Chief Negotiators and discuss ways to expand participating countries. Japan completed the internal ratification process of TPP11 for the second time after Mexico on 6 June. TPP11 is expected to come into force early next year if only four countries ratify it in the future.

By the way, the Trump administration said on Tuesday that the EU, China, Canada, Mexico and Turkey, who imposed retaliatory tariffs on steel tariffs and aluminum, brought an action against the WTO.

Tokyo-Seo Young-a correspondent [email protected]