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Japan and EU signed world's largest agreement

  • Japan and EU signed worlds largest agreement

Kyiv: Japan and the EU launched the world's largest free trade zone. The document eliminates almost all customs duties that exist between the economies of the two regions.

This is reported by EUobserver.

“We are opening a new market that is home to 635 million people and about a third of global GDP,” said European Commission President Jean-Claude Juncker.

The agreement, work on which has lasted four years, reduces tariffs, introduces cooperation in the field of standards and regulation, and opens up public procurement markets.

As reported, in December 2018, the European Parliament approved a free trade agreement with Japan.


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