Published

EU, Japan to Open Free-Trade Talks in April

Japan and the European Union have agreed to begin negotiations next month about a free-trade pact that could take two or three years to come to fruition.
#economics #labor

Share

Japan and the European Union 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.

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

  • China and U.S. OEMs

    When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.

  • on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more

    The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .

  • Mazda, CARB and PSA North America: Car Talk

    The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.

Gardner Business Media - Strategic Business Solutions