Japan, EU set 2017 as new deadline for free trade agreement
“We will need to continue working in the next few weeks in order to bridge the remaining distance and reach an agreement in principle, with the right balance, as early as possible at the beginning of next year,” Petriccione said at a news conference in Tokyo.
Both sides were aiming to broadly agree on the bilateral free trade deal by year-end, Kyodo reports.
Japan is keen to advance its trade talks with the European Union given the dim prospects for a U.S.-led Pacific Rim free trade deal after President-elect Donald Trump said he will withdraw the United States from it.
Wrapping up five-day talks with his Japanese counterpart through Friday, Petriccione said, “These negotiations are very close to a conclusion” but added that “there are some issues where compromises are more difficult than either of us had thought.”
What to read next