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Subject
EU-Japan cooperation.
Significance
Three agreements between the EU and Japan took effect this year after nearly eight years of negotiations. They create the worlds’ largest free trade area and largest area of ‘safe data flows’, and establish a strategic partnership promising increased cooperation in 40 fields.
Impacts
Japanese automakers and European farmers will be the greatest beneficiaries of the bilateral free trade agreement.
The Strategic Partnership Agreement could pave the way for joint Japan-EU security operations.
The Data Movement Agreement will facilitate international trade in ‘big data’.
The agreements are in part an attempt to counter China’s Belt and Road Initiative.
Keywords:
Japan,
EU,
AP,
EU/JAPAN,
international relations,
foreign policy,
foreign trade,
summit,
talks,
security,
Food & Tobacco,
Automobiles,
IT software & services
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2019
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