Jean-Claude Juncker and Shinzo Abe – Picture by European Commission.
8 December 2017: Japan and the European Union have finalised a paramount free trade agreement that covers 600 million people, and almost a third of the global economy. Japan and the EU traded roughly $140 billion of goods in 2016 according to EU statistics.
The EU stated that the agreement, which won preliminary approval in July, shall enhance support more than 600,000 jobs in the bloc that are tied to exports to Japan. Another half a million EU workers are employed by Japanese companies.Together, the EU and Japan account for about 30 percent of the world’s gross domestic product.
This agreement “sends a clear signal to the world that the EU and Japan are committed to keeping the world econoworking on the basis of free, open and fair markets with clear and transparent rules fully respecting and enhancing our values, fighting the temptation of protectionism,” European Commission President Jean-Claude Juncker and Japanese Prime Minister Shinzō Abe wrote in a joint statement.
For further information:
http://europa.eu/rapid/press-release_STATEMENT-17-5182_en.htm
