Professor of Law : Georgetown University, and Director, Institute of International Economic Law

EU-Japan Trade Agreement Signed

EU governments have approved a free-trade deal with Japan, Chris Brummer comments
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European member states have given the go-ahead for a free trade deal with Japan, the world’s third-largest economy, news outlets report.  Among other things,  the new accord will create the world’s largest open economic area, removing EU tariffs of 10 percent tariffs on Japanese cars and the 3 percent rate typically applied to car parts.  Meanwhile, Japan has reportedly committed to remove duties of some 30 percent on EU cheese and 15 percent on wines as well as allowing it to increase its beef and pork exports and gain access to large public tenders in Japan.

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