EU concludes FTA with Japan – subject to terms of final negotiations

The political agreement, hammered out on the eve of the G20 meet, is dripping with symbolism.

 

On Thursday, in a significant development, the European Union and Japan agreed to a free trade agreement in contrast to U.S. President Donald Trump’s protectionist turn.

The pact has been signed in Brussels on the eve of the G20 meeting with Trump in Hamburg.

The “political agreement” is heavy with symbolism and has left some scope for further negotiations, which officials insists they will be overcome by the end of this week.

As per European Council President, Donald Tusk, the agreement was concluded at a meeting with visiting Japanese Prime Minister Shinzo Abe and European Commission President Jean-Claude Juncker.

“We did it. We concluded EU-Japan political and trade talks. EU is more and more engaged globally,” said Tusk.

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