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Council agrees to launch free trade negotiations with Japan

Japan is the EU's seventh-largest trading partner while the EU is Japan's third-largest trading partner.

Friday 7 December 2012 (5 years 4 months 12 days ago)

The European Council approved a mandate for the Commission to negotiate a free trade agreement with Japan. It also authorised the opening of negotiations with Japan on a framework agreement.

The agreements will be negotiated in parallel and will create a strengthened overall framework for the EU's relations with Japan.

Japan is the EU's seventh-largest trading partner while the EU is Japan's third-largest trading partner, with 3.6 % and 11 % respectively of each other's trade in goods in 2011.

The negotiating directives foresee a free trade agreement that would provide for the progressive and reciprocal liberalisation of trade in goods, services and investment, as well as rules on trade-related issues and the elimination of non-tariff barriers. The negotiating directives for a framework agreement cover political, global and sectoral cooperation in a comprehensive manner.

Thursday November 29, 2012/ European Commission/ European Union.
http://www.consilium.europa.eu

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