BRSUSSELS — The following is a gist of the main points in the broad free trade agreement reached Thursday between Japan and the European Union.
— Japan and the European Union will aim to put the pact into force in early 2019.
— Japan will set up a low-tariff quota on European soft cheese. The tariff for the quota, initially 20,000 tons, will be eliminated in 15 years.
— Japan will scrap tariffs on hard cheese such as cheddar and gouda after 15 years.
— Japan and the European Union will scrap their tariffs on wine immediately.
— Japan will scrap duties on European chocolates, candies and pasta after 10 years.
— Japan will lower tariffs on European beef to 9 percent after 15 years.
— Japan will scrap tariffs on 10 timber products after seven years.
— The European Union will eliminate 10-percent tariffs on Japanese automobiles after seven years, while tariffs on 92.1 percent of auto parts in terms of volume will be immediately scrapped.
— The European Union will eliminate tariffs on Japanese TVs after five years.
— The European Union will immediately scrap tariffs on Japanese sake, green tea and soy sauce. Duties on Japanese scallops will be eliminated after seven years.
— Japan and the European Union will ease regulations related to companies bidding for public work and other projects.