Insight: EU approves EPA trade deal with Japan

EU approves EPA trade deal with Japan- News – NHK WORLD – English

EU member states have given a formal go-ahead to a comprehensive trade deal with Japan.

The Economic Partnership Agreement is set to take effect on February First. It covers about 30 percent of global GDP and 40 percent of the value of the world’s trade.

The two sides will remove most tariffs and open up markets in fields such as investment and services. The EU estimates that its exports to Japan will rise 34 percent under the deal, pushing up the bloc’s GDP by about 0.8 percent.

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