Japan-EU free trade agreement

After a long process of negotiations that began in 2013 and not without differences between both parties, finally the European Union and Japan signed a Free Trade Economic Agreement on 1 February. Specifically, the Agreement contemplates the elimination of tariffs between both geographical areas. In addition to facilitating economic transactions between both economies, this milestone involves sending a clear message from two of the world’s most prosperous economies that international trade is moving in the opposite direction of protectionism and towards globalization. It supposes a brave bet in the present times where in some western countries the populisms that champion protectionism and anti-globalization messages enjoy more and more followers.

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