SME Chamber

Progress reached at the 3rd Round of EU-Japan Trade Talks


The European
Union and Japan continued their negotiations for a Free Trade Agreement in a
third round discussions this week in Brussels. 

The negotiations focussed
on discussing each side's proposals for the text of the future FTA in all areas
of the trade agreement – from market access for goods and services to
investment, non-tariff barriers and the further opening of the Japanese public
procurement market.  An agreement between the two economic powerhouses is
expected to boost Europe's economy by 0.6 to 0.8% of its GDP and may create up
to 400.000 jobs. It is expected that EU exports to Japan could increase by
32.7%, while Japanese exports to the EU would increase by 23.5%. The next round
of negotiations will take place in early 2014.

 

 

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