Traditional trade relations between the EU and Japan were once characterized by large trade surpluses in favour of Japan. The Transatlantic Trade and Investment Partnership (TTIP), the Trans-Pacific Partnership (TPP) and the Comprehensive Regional Economic Partnership (RCEP) are generally considered a mega-FTA. This article includes a free trade agreement between the EU and Japan under mega-AA, taking into account the supraregional nature in the geographical area and the participation of the major economies. Frenkel M, Walter B (2017) The Economic Partnership Agreement BETWEEN the EU and Japan: relevance, content and political implications. Intereconomics 52 (6): 358-363 The EU has negotiated an economic partnership agreement with Japan. On 8 December 2017, Japan and the European Union concluded an economic partnership agreement following an agreement in principle reached in July 2017. [6] Der A, Biévre D (2007) Inclusion without influence? NGOs in European trade policy. J Public Policy 27 (1): 79-101 George Mulgan, A (2015) To TPP or not TPP: stakeholderen and trade policy. In: George Mulgan A and Honma M (eds) Japan`s political economy trade policy. Palgrave Macmillan, Basingstoke, p. 123-156 In the area of public procurement, the German government has called for broad market liberalization. Important results have been achieved in this area.
For example, one year after the agreement came into force or two years after a political agreement, Japan will abolish a broad derogation from transparent public procurement in the rail sector (the “operational safety clause”). It was a central German requirement. In addition, Japan provides market access to allocation procedures for universities, hospitals and “city centres.” The latter covers 48 cities with a population of about 300,000, or about 15% of the Japanese population. Japan is one of Germany`s main trading partners in Asia. And Germany is Japan`s largest partner country in Europe. Since 2009, the volume of trade has continued to grow, reaching some 42.4 billion euros in 2017. Japan and the EU are bound not only by a close partnership within the G7, but also by our strong economic relations, supported by common values. Kanargelidis G, Silver Z (2016) The saga of CETA: Can the latest negotiations save the agreement? Businessclass, 25 October Available 22 January 2018 in www.blakesbusinessclass.com/the-ceta-saga-can-final-negotiations-save-the-agreement/?utm_source=Mondaq&utm_medium=syndication&utm_campaign=View-Original The EU-Japan Economic Partnership Agreement was officially signed on 17 July 2018 and became the largest bilateral free trade agreement in the world, covering an open trade area with almost one third of the world`s GDP.
[7] [8] Nihon Keizai Shimbun, “Behind the Scenes of the JeepA Broad Agreement,” July 9, 2017. Exports and imports from Japan increased between 2009 and 2019. Over the period 2009-2019, EU exports to Japan reached their highest level (61 billion euros) in 2019 and the lowest in 2009 (32 billion euros). EU imports from Japan were the largest (63 billion euros) in 2019 and the lowest in 2013 (49 billion euros). Following today`s approval, CEPOL will be submitted to the National Parliament for approval. Within the EU, the European Parliament must approve the agreement on which it is expected to vote in the autumn of 2018.