Tag Archives: EU-Japan FTA

EU-Japan FTA: towards Open Markets and Stronger Economies!

EU-Japan Trade

EU-Japan Trade

 

EU Commissioner Elżbieta Bieńkowska:

“If we can work together effectively on the basis of open markets, our economies will gain, our businesses will gain, and our consumers will gain,” insisted EU Commissioner Elżbieta Bieńkowska in her speech at the EU-Japan Business Round Table in Tokyo to an audience that included Japanese Cabinet Ministers and businesspeople.

“The free trade agreement that we are negotiating will stimulate growth on both sides.

She noted that there are those who believe markets and borders should be shut, but pointed to the fact that this has not worked historically. If Japan and the EU are to move forward and grow economically, these voices of opposition must be proven wrong; and in order to do this, both entities must work closely together.”    (EUROBIZ News)

 

Very well. Enough negotiations: When will a deal be signed?? Meanwhile, because of  higher trade tariffs, Europeans companies are loosing ground (market shares) in Japan to US rivals and others!!

Read more from:

http://eurobiz.jp/qa/open-markets-stronger-economies/

and

https://www.linkedin.com/pulse/eu-japan-epa-why-europe-needs-finalise-deal-right-now-philippe?trk=mp-reader-card

 

 

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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?

 


Nikkei/FT: towards a EU-Japan FNA (Free News Agreement) ?

Nikkei/FT: towards a EU-Japan FNA (Free News Agreement) ?

Nikkei/FT: towards a EU-Japan FNA (Free News Agreement) ?

“Thursday’s surprise announcement by Nikkei Inc. that it’s buying the London-based FT Group, one of the world’s most respected and influential media groups, immediately raised questions about whether the Japanese company can successfully manage such a highly regarded news company. The Nikkei group, Japan’s most powerful financial media group, said it will buy the Financial Times publisher from Pearson PLC for about ¥160 billion ($1.3 billion) by procuring all outstanding stocks.” (Japan Times)

Yes, independance of the Press and, in particular, of the FT Editorial Team is a key concern.

However, on the bright side, in the context of the EU-Japan FTA negotiations, we hope that this high profile acquisition will enhance collaboration in the EU-Japan news/media sector and boost sharing of Industrial and Financial News/Information on both sides (EU and Japan).  Business News sharing would definitely  support Free Trade!!

The GBMC team

Read more from:

Nikkei/FT: towards a EU-Japan FNA (Free News Agreement) ?

 


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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