Trade deal with Japan likely: EU

- Associated Press, TOKYO

Jul 4, 2017-

Japan and the EU could forge a trade agreement later this week, Cecilia Malmstrom, the European Commissioner for Trade, said Monday.

Malmstrom told reporters in Madrid she was hopeful the two sides would resolve remaining differences and announce a deal when Japan’s prime minister meets EU leaders in Brussels ahead of a summit of the Group of 20 industrial nations in Germany.

“The Japanese don’t agree with some of the key technical issues (in the deal) which are fundamental for the EU, especially those referred to investment,” Malmstrom said in a speech to a conference in Madrid. She did not go into detail. Japan’s foreign minister, Fumio Kishida, said over the weekend that he was hopeful the two sides would resolve remaining differences, mainly over trade in cheese and autos and was ready to visit Brussels this week to help the talks along.

Talks on the proposed Economic Partnership Agreement for two of the world’s biggest economies ended late Saturday in Tokyo with officials saying they believed a deal was within reach. Such a deal will require finessing Japan’s protections for its dairy farmers, whose home market is protected by tso as to “add value” before products reach consumers.

Published: 04-07-2017 10:28

User's Feedback

Click here for your comments

Comment via Facebook

Don't have facebook account? Use this form to comment