Tag Archives: EU-Japan EPA

The EU–Japan EPA (Economic Partnership Agreement) is signed!!

EU-Japan Trade

EU-Japan Trade

“History was made in Tokyo on 17 July 2018. At the 25th EU–Japan Summit, Prime Minister Shinzo Abe met Donald Tusk, president of the European Council, and Jean-Claude Juncker, president of the European Commission, for the long-awaited signing of the EU–Japan Economic Partnership Agreement (EPA). It is set to become the world’s largest bilateral agreement, covering 600 million people and nearly a third of global trade.

Formal negotiations began in 2013 and were finally concluded last December. The initial aims of the agreement were to solidify the economic relationship between the EU and Japan by removing tariffs, creating more transnational business opportunities and promoting job creation. However, in the political context of 2018, the EPA also represents the ongoing commitment of both the EU and Japan to free trade, fair trade and friendship.”  (source: EURO Biz)

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So, if you intend to do business with Japan in 2018 onwards, we recommend you to read one of our books:

“The Ultimate Survival Guide for Business in Japan” (http://www.gbmc.biz/survival-guide–e-book.html)

“Mastering Japan Business” (http://www.gbmc.biz/mastering-japan-business–e-book.html)

“Bridges to Japanese Business Etiquette” (http://www.gbmc.biz/bridges-to-japanese-business-etiquette–e-book.html)

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More details about the agreement from:

https://eurobiz.jp/ebc-update/its-official/

 

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Franco-Japan relations: 160 years on celebrate “Japonism 2018”

Article by E. Motoko Inui
Cross-Culture Advisor / Japan Market Consultant / Researcher
GBMC (Global Business & Management Consulting)

 

Franco-Japan relations: 160 years on celebrate “Japonism 2018”

Franco-Japan relations: 160 years on celebrate “Japonism 2018”

by E. Motoko Inui Cross-Culture Advisor / Japan Market Consultant / Researcher GBMC (Global Business & Management Consulting)

by E. Motoko Inui
Cross-Culture Advisor / Japan Market Consultant / Researcher
GBMC (Global Business & Management Consulting)

 

2018 celebrate the 160th anniversary of the establishment of diplomatic relation between France and Japan.

In 1858, Japan has opened up its door to the Western world and signed the Treaty of Amity and Commerce in Edo (the former Tokyo).  Until then, most of the relation Japan had with the western countries were limited to mainly Portugal, Dutch and the U.K.

Since the signing of the treaty, the relation has extended into culture as well as trade.

Japan has taken part in the Universal exposition in 19th centuries, where many examples of Japanese arts and crafts were exhibited in great numbers for the first time outside the country.  There were collectors and artists who showed great interest in Japanese prints and decorative arts for example, such enthusiasm for Japanese Arts and craft was to become known as “Japonism”.  Many great French Impressionists have collected Japanese prints and took some form of influence from it.  In the same way, many artists in Japan working in the early  20th century were keen to include new method of working from the west into their work as well. 

Other form of arts and culture in exchanges were in Cinema, literature, Manga, Animation and Cuisine. In regards to culinary and fashion, Japan has gone through major changes in the last century taking in vast influences from the west.  There were many expats and tourists from Japan coming to European countries especially in the 80s. There were considerably decreased in the 90s due to the economic depression in Japan. But since it’s gradual recovery, many European countries still ranks at the top of the holiday destination abroad. 

 

With the Free Trade Agreement and Economic Cooperation being finalised, the trade would inevitably increase between the European countries and Japan as well as cooperation in other area of the economy.  Working together in the mutual problem of the society like in renewable energy and security to name a few.

In regards to the security concern in the world, France and Japan has recently signed a bilateral agreement of the Acquisition and Cross-Servicing Agreement which will deepen security cooperation.  The mutual area of concern is maintaining “a free and open Indo-Pacific” and is aiming to strengthen coordination in maritime issues based on the rules of law in protecting the region.   Free and open seas are the foundation for the peace and prosperity of the international trade. 

2018 celebrate the 160th anniversary of bilateral relation between France and Japan.  Japan’s Ground Self-Defence Force took part in the Bastille Day parade in Paris in July.   France celebrates Japanese culture with 8 month festival covering various topics in different locations throughout the country.   

 


EU-Japan EPA: Japan and EU settle trade pact, aim for 2019 start !!

EU-Japan Trade

EU-Japan Trade

Good news, at last !!!

Japan and the European Union wrapped up negotiations Friday (Decembre 8, 2017) on a far-reaching economic partnership agreement that would encompass about 40% of the value of global trade. Japanese Prime Minister Shinzo Abe and European Commission President Jean-Claude Juncker affirmed the move by phone. The finalized pact, which the parties aim to sign next summer at the earliest and have take effect in 2019, would also cover about 30% of the world’s gross domestic product.”   (Nikkei Asian Review)

More info from: 

https://asia.nikkei.com/Japan-Update/Japan-and-EU-settle-trade-pact-aim-for-2019-start?page=1

OR ALSO

“Trade Commissioner Cecilia Malmström and Japanese Foreign Minister Taro Kono today announced the successful conclusion of the final discussions on the EU-Japan Economic Partnership Agreement (EPA). Building on the political agreement in principle reached during the EU-Japan Summit on 6 July 2017, negotiators from both sides have been tying up the last details in order to finish the legal text. This process is now finalised.”

(EU Commission Press Release, Decembre 8, 2017)

More info from:

http://europa.eu/rapid/press-release_IP-17-5142_en.htm

http://trade.ec.europa.eu/doclib/press/index.cfm?id=1684

OR FINALLY

https://gbmc-blog.biz/2017/10/04/eu-japan-making-moves-towards-trade-liberalisation/

Looking forward to a prosperous EU-Japan year 2018!!

The GBMC Team


EU-Japan: Making moves towards trade liberalisation!

Strategic Alliances and Partnerships in Japan

GBMC’s article published in the Septembre 2017 issue (issue 50) of “The Shipping Network Magazine”, the official magazine of the Institute of Chartered Shipbrokers (see pages 12 and 13).

Content: Update on the status of the negotiations for the EU-Japan EPA (Economic Partnership Agreement) and Analyse of the impact of populism on a future deal.

Download the magazine (PDF file) from here: ICS – Shipping Network Magazine – 50 septembre 2017

 


Railways Business: Franco-Japanese team shortlisted for new UK trains!

JR East Trains (Picture - JR East)

JR East Trains (Picture – JR East)

TGV_Alstom (Picture -Alstom)

TGV_Alstom (Picture -Alstom)

 

“Merseytravel, an executive body that provides professional, strategic and operational transport advice to the Liverpool City Region Combined Authority, announced on 11 January 2016 that five bidders including a team composed of  French and Japanese companies have been shortlisted for a contract to supply around 50 EMUs (Electric Multiple Units) for the Merseyrail network.

The Franco-Japanese team is composed of Mitsui, a major Japanese trading company, J-TREC, JR East’s subsidiary rolling stock manufacturing company, and France’s Alstom.

Bids are due to be submitted by the end of April and a preferred bidder will be identified towards the end of the year. The project is likely to cost around £400m.

This joint action between French and Japanese companies is the first of its kind in the European Union, and concrete business results are expected.”  (Source: JR East Newsletter #19)

 

More details about the bid at: Railways Business: Franco-Japanese team shortlisted for new UK trains!

 

Looking forward to more Europe-Japan collaborative projects on both sides!

This is probably the right approach to promoting the completion of an EU-Japan EPA!

What do you think?

 

About J-TREC:

“Japan Transport Engineering Company is a total transport engineering firm manufacturing rolling stock, cargo containers, railway tracks and turnouts with its 100% of stocks owned by East Japan Railway Company. Rail transport nowadays has become a part of modern social infrastructure and the pursuit of safety, assurance and comfort are at the core of our manufacturing philosophy.  Along the pursuit, our belief in manufacturing is to pay attention to every detail, even to those that are not visible at a glance.
The forerunner of our company is Tokyu Car Corporation which has realized the first domestic production of stainless steel rail cars in Japan. We will succeed all the technology and know-how that were acquired during its 63 years of history and leap into the next level by challenging the world market.”

(more details at: http://www.j-trec.co.jp/eng/company/index.html)

 


TPP Agreement: a Flexible Solution for a Free Trade deal?

TPP (image source: cas.go.jp)

TPP (image source: cas.go.jp)

 

” The pact, agreed a month ago, comprises Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.

The deal now awaits approval by each of the dozen members’ legislatures — a potentially contentious and lengthy process.

The U.S. government began its process on Thursday, with President Barack Obama notifying lawmakers of his plan to sign the U.S.-led initiative.

Some provisions in the 1,500-page document allow for nations to renegotiate terms and rules in some cases after a certain period of time. Such conditional arrangements helped them to conclude more than five years of intensive talks last month.

The text also says multiple countries will relax visa requirements to let workers and their families relocate more easily.

One of the provisions in the text allows nations to discuss the bringing forward of phased tariff abolition at the request of partners.

The 12 countries will also “review within 3 years of entry into force (of the agreement) and at least every 5 years thereafter the economic relationship and partnership” among them and “consider any proposal to amend or modify” the pact, according to the text.

The Japanese government will remove tariffs on 95.1 percent of imported products, compared with the abolition of duties on nearly 100 percent of imported items by other members, as tariffs will remain for some agricultural products.”   (The Japan Times)

 

The flexibility within the TPP agreement seems to have made possible an early deal for the 12 related countries. Maybe there is here some matter for thoughts for the EU-Japan FTA/EPA agreement under negotiation? What do you think? 

 

Read more from:   TPP Agreement: a Flexible Solution for a Free Trade deal?

 


TPP: US-Japan trade agreement deal soon?

TPP (image source: cas.go.jp)

TPP (image source: cas.go.jp)

 

A senior official of the U.S. Chamber of Commerce said Friday she expects the 12 countries negotiating a Pacific free trade initiative (the U.S.-led TPP) to strike a deal before June, as the United States and Japan seem to be reaching a bilateral deal over Tokyo’s exceptional tariffs on five agricultural products — rice, beef and pork, wheat, dairy products and sugar.

Would this impact on/speed up talks for a EU-Japan FTA/EPA/EIA agreement?

Read morehttp://www.japantimes.co.jp/news/2015/02/28/business/economy-business/u-s-business-leader-envisions-tpp-deal-before-june/#.VPLqauk3PIU

 


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