The EPA contains “a set of provisions that will simplify trade and investment procedures, reduce export and investment costs, and thus enable more small businesses to do business in both markets. Expected benefits include greater transparency, less stringent technical regulations, compliance requirements, customs procedures and rules of origin, better protection of intellectual property rights and geographical indications, better access to tendering procedures and a dedicated chapter to enable SMEs to maximise the benefits of the EPA. (Source: Proposal for a COUNCIL DECISION on the conclusion of the Economic Partnership Agreement between the European Union and Japan – COM(2018) 192 final) In order to raise awareness of the opportunities offered by this Agreement and to help EU SMEs to use it, the EU-Japan Centre has set up an EPA Helpdesk to support and guide EU SMEs in their search for relevant information. The EPO Helpdesk responds to requests for information about the EPO, organises webinars and publishes information packages, each consisting of a fact sheet and/or a practical guide on a specific topic or sector. Agricultural and food trade statistics:ec.europa.eu/info/sites/info/files/food-farming-fisheries/farming/documents/agrifood-japan_en.pdf The EU-Japan Economic Partnership Agreement (EPA) entered into force on 1 February 2019. It is the largest trade agreement the EU has signed to date, accounting for almost 30% of global GDP and 40% of world trade. It is also the largest open commercial area in the world, encompassing 600 million people. EU-Japan trade: ec.europa.eu/trade/policy/countries-and-regions/countries/japan/ Japan`s EU-Japan relations are based on two documents: the 1991 Joint Declaration and the 2001 EU-Japan Cooperation Action Plan. There are also a number of forums between the two, including an annual summit of Heads of State and Government and an interparliamentary body. [1] The two sides have now agreed to work towards a Deep and Comprehensive Free Trade Agreement, which was discussed at the 42nd G7 Summit on 27 May 2016.

So far, four agreements have been signed by both sides; [2] Find out about the current eu-Japan trade relationship Learn more about exporting European food and beverages to Japan under our tax-exempt EPA trade agreement? The evolution of trade in goods since 2000 has been characterised by a significant decrease in the EU27`s trade deficit with Japan, due to a significant decline in Japan`s share of total EU imports, from 9.3 % in 2000 to 3.6 % in 2012. See the table below for more details:[10] Total trade in services between the EU and Japan accounts for around 35% of total trade in goods between the EU and Japan. At the same time, EU services exports to Japan account for around 50% of EU goods exports to the country. In Japan, it can be difficult for European companies to do business or invest due to the characteristics of Japanese society and the Japanese economy. The Economic Partnership Agreement (EPA) between the EU and Japan is a trade agreement between the European Union (EU) and Japan. Under this Agreement, customs duties on traded goods may be reduced or eliminated. The Japanese government has promised to negotiate an ambitious new free trade agreement with London – but only once the future relationship between Britain and the EU is established. This and its agreement with the EU mean that Japan has already entered a free trade sphere of one billion people in 2019. Last February, EU Trade Commissioner Cecilia Malmstrom said a reference to the Paris Agreement was needed in all new trade agreements. The outlook for UK exporters is much less certain. If the UK leaves the EU at the end of March without a deal, it will leave the new free trade area. The EU has negotiated an Economic Partnership Agreement with Japan.

However, some activists questioned whether the EU would be willing to risk trade by insisting on compliance. Britain`s Department for International Trade said the EU-Japan trade deal would boost Britain`s GDP by up to £3 billion “in the longer term”. So far, six important agreements have been concluded between the EU and Japan. EU-Japan Trade Agreement: Opportunities for Small Businesses On 17 July 2018, the European Union and Japan signed an Economic Partnership Agreement (EPA), the largest trade agreement ever negotiated by the EU, which will create an open trade area for more than 600 million people. However, there are warnings that the UK could lose its advantages if it leaves the EU without a deal. He led negotiations to salvage a Pacific trade deal – the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – after the U.S. withdrew. Cheaper wine and cheese for Japan, cheaper cars for the EU – part of what the EU-Japan trade deal that has now entered into force means. EU-Japan cooperation:ec.europa.eu/growth/industry/international-aspects/cooperation-governments/eu-japan_en Relations between the European Union (EU) and Japan date back to 1959.

They maintain close trade relations, particularly in terms of investment flows. [1] [2] The EU and Japan meet regularly to discuss issues and best practices in the implementation of the Agreement. .