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ECONOMY > Trade

Japan keen to seal EPA with Turkey soon

  • October 3, 2019
  • , Nikkei
  • JMH Summary

Nikkei wrote that Japan is aiming to conclude a rough free trade agreement with Turkey later this month when President Erdogan visits Tokyo to attend the imperial enthronement ceremony on Oct. 22. According to the business daily, Japan may agree to lower import tariffs on Turkish pasta and cheese in exchange for corresponding reductions in Turkish duties on Japanese autos and auto parts. Both sides are reportedly keen to seal an EPA deal during a planned summit between President Erdogan and Prime Minister Abe. While noting that Ankara’s ties with Washington have become strained due to Turkey’s purchase of a Russian missile defense system, the daily added that Tokyo is still willing to deepen its economic bonds with Turkey in a bid to strengthen Japan’s diplomatic standing in the Middle East.  

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