Month: December 2018

EU-Japan Economic Partnership Agreement

The Economic Partnership Agreement signed on 17 July 2018 between the European Union and Japan was approved by the European Parliament on Wednesday 12 December 2018.

This agreement provides for the abolition of most of the existing customs duties, as more than 90% of EU exports to Japan will be free of customs duties. This applies in After full implementation of the agreement, the abolition of customs duties will affect as much as 97% of imports from the EU.

In addition, it opens up services markets, in particular for financial services, e-commerce, telecommunications and transport.

After the endorsement of the trade deal by the European Parliament, Council is set to give its final go-ahead on 21 December which allows the agreement to enter into force on 1 February 2019.

 

/JF/