EU-Japan Trade Agreement Signed

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
Photo Courtesy of DW.com

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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United Kingdom Plans Free Trade Continuation with Poor Countries

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

UK to Maintain Free Trade with Poorest Countries after Brexit

United Kingdom trade policy remains tariff free with poor countries
image credit http://www.geg.ox.ac.uk/brexit-opportunity-or-peril-trade-small-and-poor-developing-economies
The UK's policy is a break from the trade policy likely to be pursued by the United States. Of course, whether the tariffs talked about in the U.S. actually get implemented is yet to be determined.

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