Agreement Between The European Union And Japan For An Economic Partnership

European Union delegation to Japan: eeas.europa.eu/delegations/japan/56981/eu-japan-economic-partnership-agreement-epa_en The EU is stepping up military cooperation between member states and could even set up a European army, while Japan, under the presidency of Prime Minister Shinzo Abe, has announced the policy of “proactive contribution to peace”. Thus, the EU-Japan GSB integrates perfectly and allows both sides to find new ways to promote peace and security. The EU and Japan have already collaborated in the fight against piracy near the Horn of Africa or in providing aid to Niger and Mali. The G.S.O. will allow the two powers to extend this cooperation at a time when the global security environment has become unstable. Through the agreement:ec.europa.eu/trade/policy/in-focus/eu-japan-economic-partnership-agreement/ The EPA contains “a number of provisions that will simplify trade and investment procedures, reduce export and investment costs and thus allow more small businesses to trade in both markets. Expected benefits include increased transparency, less stringent technical regulation, compliance requirements, customs procedures and rules of origin, better protection of intellectual property rights and geographical indications, better access to tendering procedures and a specific chapter allowing SMEs to maximize the benefits of the EPA.” (Source: proposal for the conclusion of the Economic Partnership Agreement between the European Union and Japan – COM (2018) 192 final) EU-Japan trade: ec.europa.eu/trade/policy/countries-and-regions/countries/japan/ Between 2009 and 2011, trade between the two partners increased, with the EU maintaining a stable surplus and Japan`s share of total EU imports also remained stable at just over 3%. [10] This trifecta of agreements significantly improves relations between the EU and Japan and has a global impact. While geography has divided them, common values and principles have brought the EU and Japan closer together and defended these values together.

As others have already pointed out, this data agreement is not perfect, as recognition can be revoked unilaterally at any time.