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ECONOMY > Trade

Japan anxious to forge free trade accord with EU

  • January 19, 2017
  • , Yomiuri
  • JMH Summary

Yomiuri wrote although Prime Minister Abe is still determined to pursue the effectuation of the TPP despite the incoming Trump administration’s intention to withdraw from the regional trade accord, Tokyo will probably have little choice but to concentrate on other free trade deals, such as an EPA with the EU. Even though the two sides agreed last month to reach a rough agreement ahead of the national elections planned for later this year in many EU nations, the chances are high that EPA negotiations between Tokyo and Brussels will be suspended once the EU side launches official talks with London on Brexit in the spring. The daily projected that negotiations on the proposed Regional Comprehensive Economic Partnership (RCEP) initiative may pick up momentum instead, since its primary proponent, ASEAN, is hoping to reach an agreement this year.  

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