The EU-Japan Economic Partnership Agreement entered into force on 1 February 2019.
A result of more than five years of work – starting with the EU governments instructing the European Commission to start negotiations with Japan in 2013 – the trade agreement removes trade barriers and helps shape global trade rules in line with Europe’s standards and values. It also sends a powerful signal of two of the world’s biggest economies rejecting protectionism.
Both businesses and consumers can now benefit of the world’s largest open trade zone.
Commissioner for Trade, Cecilia Malmström said: “This agreement has it all: it scraps tariffs and contributes to the global rulebook, whilst at the same time demonstrating to the world that we both remain convinced by the benefits of open trade. As of 1 February, European companies will benefit from removed tariffs and simplified customs procedures. Our manufacturers, our service providers, our tech start-ups and our farmers all have something to celebrate. I am also proud that we have locked in our Paris climate deal commitments into a trade agreement for the first time, as well as setting high standards for workers' rights and consumer protection. The stage is set for a significant boost in trade between us, which in turn creates jobs and lowers prices. It is now up to businesses and individuals to make the very most out of these new trade opportunities. We also count on all EU Member States to spread this message far and wide.”