EU firms already export over € 58bn in goods and € 28bn in services to Japan every year.
In the past European firms faced traders when exporting to Japan, which mad and it hard for them to compete.
The trade agreement with Japan:
• removes these barriers
• helps us shape global trade rules online with high standards and shared values
• sends a powerful signal that two of the world’s biggest economies reject protectionism
In 2013 EU governments instructed the European Commission to start negotiations with Japan.
On 8 December 2017, the negotiations were finalized. The European Parliament gave its consent in December 2018, clearing the way for the trade agreement’s conclusion and entry into force.
As of 1 February, a large part of another agreement – the Strategic Partnership Agreement between the European Union and Japan – also applies on a provisional basis.