Mexican Media Brands
EU, Japan to Open Free-Trade Talks in April
Japan and the EU have agreed to begin negotiations next month about a free-trade pact that could take two or three years to come to fruition.
#economics
Share
Japan and the EU have agreed to begin negotiations next month about a free-trade pact that could take two or three years to come to fruition.
The EU wants Japan to reduce non-tariff barriers to European goods and financial services. The latter is seeking the removal of EU tariffs, including duties of 10% and 22% on Japanese cars and trucks, respectively. European carmakers and Japanese farmers are among the most vocal opponents of a pact.
The EU is Japan's third-largest export destination after China and the America. Japan is the EU's seventh-biggest market for its goods and services.
Japan begins free-trade talks with China and South Korea on Tuesday. Japan said earlier this month it wants join the Trans-Pacific Partnership talks. The TPP aims to create a trade agreement that would involve at least 11 countries in the Americas and Asia Pacific.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.