A EU-Japan Free Trade Agreement: Toward More Solid Economic Relations
More recently, there are growing signs that their economic ties are actually weakening. But since the EU and Japan share a common set of values (as shown in their commitment to democracy, free-market economic systems, respect for human rights, and the rule of law), it is imperative that they reinforce their ties of cooperation on a range of global issues as well as pursue progress in their own mutual relationship.
In this context, Japan and the EU made efforts to gauge the prospects for a bilateral free trade agreement (FTA). Nevertheless, many challenges remain: For Japan, EU tariff rates are the key matter of concern while the EU deems it problematic that Japan still maintains a number of non-tariff barriers (NTBs) to trade, and has insisted that negotiations on an FTA cannot even begin until Japan dismantles these barriers.
Even if further tariff reductions are not expected to have a major impact on the volume of trade between the two partners, a bilateral FTA could still benefit both Japanese and European economies through positive implications on productivity and innovation.
Available in:
ISBN / ISSN
Share
Download the full analysis
This page contains only a summary of our work. If you would like to have access to all the information from our research on the subject, you can download the full version in PDF format.
A EU-Japan Free Trade Agreement: Toward More Solid Economic Relations
Author(s)
Related centers and programs
Discover our other research centers and programs
Center for Asian Studies
Asia is a nerve center for multiple global economic, political and security challenges. The Center for Asian Studies provides documented expertise and a platform for discussion on Asian issues to accompany decision makers and explain and contextualize developments in the region for the sake of a larger public dialogue.
The Center's research is organized along two major axes: relations between Asia's major powers and the rest of the world; and internal economic and social dynamics of Asian countries. The Center's research focuses primarily on China, Japan, India, Taiwan and the Indo-Pacific, but also covers Southeast Asia, the Korean peninsula and the Pacific Islands.
The Centre for Asian Studies maintains close institutional links with counterpart research institutes in Europe and Asia, and its researchers regularly carry out fieldwork in the region.
The Center organizes closed-door roundtables, expert-level seminars and a number of public events, including an Annual Conference, that welcome experts from Asia, Europe and the United States. The work of Center’s researchers, as well as that of their partners, is regularly published in the Center’s electronic journal Asie.Visions.
Find out more
Discover all our analyses
China’s Strategy Toward Pacific Island countries: Countering Taiwan and Western Influence
Over the past decade, China has deployed a diplomatic strategy toward the Pacific Island Countries (PICs). This strategy pursues two main objectives: countering Taiwan's diplomatic influence in the region and countering the influence of liberal democracies in what Beijing refers to as the "Global South."
Opening up the G7 to South Korea to Address Contemporary Global Challenges
The G7’s global influence has diminished as powers like China reshape international governance through initiatives such as BRICS and the Shanghai Cooperation Organisation (SCO). With the G7 now representing just 10 per cent of the world’s population and 28 per cent of global GDP, its relevance is increasingly questioned.
Expanding SPDMM as a pivotal institution in the Pacific – A French perspective
The South Pacific Defence Ministers’ Meeting (SPDMM) is the only forum that brings together defense ministers from the wider South Pacific — including Chile, which is hosting it for the first time. This heterogeneous group of countries with varying resources, capacities, and interests — Australia, Chile, Fiji, France, New Zealand, Papua New Guinea (PNG), and Tonga — are united by their shared determination to strengthen cooperation on maritime security and humanitarian assistance and disaster relief (HADR) activities.
EU’s Derisking From China: A Daunting Task
With economic security as a major concern, the EU has recently turned to “derisking” from China. The EU strategy entails reducing critical dependencies and vulnerabilities, including in EU supply chains, and diversifying where necessary, while recognizing the importance and need to maintain open channels of communication.