International Agreements in Progress: Bilateral trade deal with Japan – largest to date for EU
Following the signature of the EU-Japan Economic Partnership Agreement (EPA) in July 2018, and the conclusion of the ratification procedures by both partners at the end of 2018, the agreement entered into force on 1 February 2019. The agreement is the EU's largest bilateral trade agreement to date. It establishes a free trade area with a combined market of around 640 million consumers, accounting for roughly a third of the world's gross domestic product (GDP). The European Commission's analysis of the economic impact of the agreement, published in June 2018, indicated that the EU's GDP could rise by approximately 0.14 %, and EU exports to Japan by around €13 billion by the time the EPA is fully implemented in 2035. The agreement will provide for significant economic opportunities for sectors such as agri-food and textiles, and it is predicted that no EU sector will be impacted by noticeable losses. In addition to exploiting the untapped potential of bilateral trade and strengthening the EU's economic presence in the Asia-Pacific region, the EPA, together with the Strategic Partnership Agreement (SPA), will provide a platform for stronger relations between the EU and Japan. The agreement also conveys a strong message on the parties' commitment to promoting a free and fair trading system and to rejecting trade protectionism.
Briefing
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Palavra-chave
- acesso ao mercado
- acordo bilateral
- acordo comercial (UE)
- acordo sobre contratos públicos
- comercialização
- comércio internacional
- construção europeia
- crescimento económico
- denominação de origem
- ECONOMIA
- EDUCAÇÃO E COMUNICAÇÃO
- EMPRESAS E CONCORRÊNCIA
- financiamento e investimento
- FINANÇAS
- garantia do investimento
- GEOGRAFIA
- geografia económica
- governo das empresas
- informação e tratamento da informação
- informática e processamento de dados
- INTERCÂMBIOS ECONÓMICOS E COMERCIAIS
- Japão
- liberalização do comércio
- organização de empresas
- pequenas e médias empresas
- política comercial
- política internacional
- proteção dos dados
- RELAÇÕES INTERNACIONAIS
- situação económica
- tipos de empresa
- UNIÃO EUROPEIA
- Ásia-Oceânia