The EU-Japan Free Trade Agreement negotiations were officially launched in March 2013. Since then, 13 rounds of negotiations have followed, however, the process received a fresh dose of momentum at the 23rd EU-Japan Summit in mid-2015. Leaders from Japan and the EU were vocal about their desire to finalise talks, so long as the scope of the Japan-EU Free Trade Agreement meets the ambitions of both parties sufficiently.<\/p>\n
Japan and the EU have a longstanding history of economic and trade ties. A conclusion to these negotiations would be a stepping stone toward consolidating the role of both the EU and Japan as major global economic players \u2013 together, they account for more than a third of the world\u2019s GDP. However, the EU isn\u2019t the only entity working to secure Japan\u2019s signature in a landmark agreement. While the EU and Japan carry out talks, the latter is also involved in the Trans-Pacific Partnership agreement, the economic impact of which we examined in our recent study, \u201cThe trans-Pacific Partnership Deal (TPP): What are the economic consequences for in- and outsiders?\u201d. As a clear outsider in this discussion, the EU can only look on and wonder how the TPP will affect its own negotiations progress, as both the EU and Japan move into a new era of trade growth and economic cooperation.<\/p>\n
Discover more thought-provoking analysis and new perspectives on global economic dynamics on the GED website.<\/p>\n","excerpt":"
The EU-Japan Free Trade Agreement negotiations were officially launched in March 2013. Since then, 13 rounds of negotiations have followed, […]<\/p>\n","thumbnail":null,"thumbnailsquare":null,"authors":[],"categories":[{"id":152,"name":"Globalization","link":"https:\/\/bst-europe.eu\/category\/globalization\/"}],"tags":[]}