Following the political agreement in principle reached in July 2017, a final accord on the EU-Japan Economic Partnership Agreement (EPA) was announced on 8 December 2017. The Commission aims that the agreement come into effect before the end of its mandate in 2019, after the approval of the Council and the European Parliament. However, negotiations on investment protection standards and investment protection dispute resolution will continue.
The European Commission has quietly concluded the free trade agreement with Japan today, but the European Council and European Parliament must still decide. GUE/NGL MEPs warn that the Japan-EU Free Trade Agreement (JEFTA) contains many of the same problems as TTIP and CETA which European citizens have clearly stated that they find unacceptable.
by European United Left/Nordic Green Left. Full article…
Reacting to the conclusion of the EU-Japan trade deal today, the Socialists and Democrats in the European Parliament welcomed the agreement and announced that they will scrutinise the final text in order to check if it meets the expectations of EU citizens and if it expresses a progressive view of the EU’s trade agenda. The S&D Group recalled that besides refusing an old-fashioned private Investor-to-State Dispute Settlement (ISDS) mechanism, they also insisted on a strong and ambitious sustainable development chapter with a review clause on the enforcement mechanisms.
Trade Commissioner Cecilia Malmström and Japanese Foreign Minister Taro Kono today announced the successful conclusion of the final discussions on the EU-Japan Economic Partnership Agreement (EPA).
Following negotiations on the sidelines of the Asia-Pacific Economic Cooperation (APEC) 2017 Economic Leaders’ Week held in Vietnam on 6–11 November, the trade ministers of the remaining 11 signatories to the Trans-Pacific Partnership (one fewer, after the USA withdrew) agreed on the core elements of its revised version – the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP). The revised agreement is expected to be signed by spring 2018 and to come into effect by 2019.