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Japan, EU press ahead on free trade pact

Staff Writer | June 28, 2017
Japanese and European Union negotiators meeting in Tokyo aim to reach a free trade deal that would stand against a protectionist tide threatening the global economy, and make the United States think twice over pursuing inward-looking policies.
Cecilia Malmstrom
World trade   Japan and the EU have been negotiating since 2013
Japan and the EU have been negotiating since 2013, but talks have intensified since last week, with almost daily meetings to overcome key hurdles, including tariffs on Japanese automobiles and car parts and European wine, cheese, pasta and other foods.

A Japan-EU deal could leave U.S. firms at a disadvantage, especially after President Donald Trump's withdrawal of the United States from the Trans-Pacific Partnership, or TPP, earlier this year.

In a sign of optimism, EU trade chief Cecilia Malmstrom said on Monday she could sign a provisional deal with Japan as early as next week.


 

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