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EU, Japan conclude world's largest free-trade agreement

The deal, combining the 28-nation bloc and the world's third largest economy, will remove EU tariffs of 10 per cent tariffs on Japanese cars and the 3 per cent rate typically applied to car parts


The European Union and Japan concluded negotiations on a free-trade deal to create the world's largest open economic area, signalling their rejection of the more protectionist stance of US President Donald Trump. The two parties, who agreed the outlines of a deal in July, said on Friday negotiators had now finished a legal text that would open up trade for economies making up about 30 per cent of global output. "Japan and the EU will join hands and build a free, fair and rule-based economic zone, which will be a model of an economic order in the international community ...

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First Published: Sat, December 09 2017. 02:44 IST