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EU Offers to Drop Tariffs on Car Parts from Japan
Envoys from Japan and the EU are meeting in Brussels this week to discuss Europe's proposal to eliminate duties on imported Japanese car parts if Japan will do the same on European textiles and clothing, chemicals, jewelry, processed food, machinery and other items.
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Envoys from Japan and the EU are meeting in Brussels this week to discuss Europe's proposal to eliminate duties on imported Japanese car parts if Japan will do the same on European textiles and clothing, chemicals, jewelry, processed food, machinery and other items.
The EU reportedly has offered to drop 90% of its current tariffs immediately but says it won't alter the current 10% tax on imported vehicles and 14% levy on liquid-crystal-display televisions.
Japan proposes to eliminate 80% of its tariffs immediately and increase that proportion to 85% over 10 years.
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