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EU and Japan sign world's largest Free Trade Agreement

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      Current WH regime is losing.    

 

      BRUSSELS (Reuters) - The European Union and Japan concluded negotiations on a free trade deal to create the world’s largest open economic area, signaling their rejection of the more protectionist stance of U.S. President Donald Trump.    

 

     The two parties, who agreed the outlines of a deal in July, said on Friday negotiators had now finished a legal text that would open up trade for economies making up about 30 percent of global output.

 

     

The deal, combining the 28-nation bloc and the world’s third largest economy, will remove EU tariffs of 10 percent tariffs on Japanese cars and the 3 percent rate typically applied to car parts.

For the EU, it will scrap Japanese duties of some 30 percent on EU cheese and 15 percent on wines as well as allowing it to increase its beef and pork exports and gain access to large public tenders in Japan.

 

    So before the armchair economists here start writing on how Donald will cut a great deal...he has just lost a huge market for US cars, etc.

 

    https://www.reuters.com/article/us-japan-eu-trade/eu-japan-conclude-worlds-largest-free-trade-agreem...

 

PRO-LIFE is Affordable Healthcare for ALL .
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