EU and Japan finalise Economic Partnership Agreement
Building on the political agreement in principle reached during the EU-Japan Summit on 6 July 2017, negotiators from both sides have been tying up the last details in order to finish the legal text. This process is now finalised.
The way to this outcome was paved by the strong personal engagement of the President of the European Commission Jean-Claude Juncker and the Prime Minister of Japan Shinzo Abe throughout the process and notably in 2017 at the occasion of their meetings held in Brussels, in March and in the margins of the G7 Summit in Taormina, in May.
The conclusion of these negotiations is an important milestone to put in place the biggest bilateral trade agreement ever negotiated by the European Union.
The Economic Partnership Agreement will open huge market opportunities for both sides, strengthen cooperation between Europe and Japan in a range of areas, reaffirm their shared commitment to sustainable development, and include for the first time a specific commitment to the Paris climate agreement. ■