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Customs &
Trade News


April 18, 2018

EU and Japan work on implementation of their free trade agreement

The European Union (EU) and Japan announced in December the successful conclusion of the final discussions on the EU-Japan Economic Partnership Agreement (EPA).

The agreement should be signed in the upcoming European Union - Japan Summit, to be held in Brussels by the summer.

In a step towards implementation, the European Commission presented the outcome of negotiations to the European Council, the institution of the EU that comprises the heads of state or government of the member countries. This is the first step towards the signature and conclusion of the agreement.

Once approved by the Council, the agreement will be sent to the European Parliament, aiming for the entry into force of the trade agreement before the end of the current mandate of the European Commission in 2019.

At the same time, negotiations with Japan continue on investment protection standards and investment protection dispute resolution. These elements were left out of the main free trade agreement as they are controversial within the EU.


 

Transport &
Trade News