The EU and Japan Economic Partnership Agreement entered into force on 1 February 2019
Publicat pe 04/02/2019
On 1st of February 2019, the EU and Japan Economic Partnership Agreement entered into force.
EU firms already export over €58bn in goods and €28bn in services to Japan every year. In the past, European firms faced trade barriers when exporting to Japan, which made it hard for them to compete.
After the entry into force of the agreement, it is estimated that these figures will increase.
The trade agreement involves the following chances:
- removes trade barriers;
- helps us shape global trade rules in line with our high standards and shared values;
- sends a powerful signal that two of the world’s biggest economies reject protectionism.
In 2013 EU governments instructed the European Commission to start negotiations with Japan, and on 8 December 2017, the negotiations were finalized. The European Parliament gave its consent in December 2018, clearing the way for the trade agreement’s conclusion and entry into force.
As of 1 February, a large part of another agreement – the Strategic Partnership Agreement between the European Union and Japan – also applies on a provisional basis.
Below you can find a couple of useful links to documents regarding the agreement with Japan, that DG Trade has prepared:
(1) The interactive map entitled ”EU-Japan trade in your town”, ” which is a very neat feature to check out trade with Japan for each of the 27 member states and where you see all the companies exporting to Japan across the Union. More details can be found here:
(2) The EU-Japan Economic Partnership Agreement is the first one which contains a dedicated chapter for SMEs, but there is also a specific section on the website for SMEs and Japan, which is a very good step in the right direction to break the agreement down to SMEs:
(3) Relevant factsheets about the agreement:
It is subdivided into specific areas of interest, such as: public procurement, food safety and SPS, Agriculture, regulatory cooperation etc and will be useful to you if you want to dig deeper into a specific area of interest.
(4) The original text of the agreement can be accessed here:
(5) Concrete stories of exporters that have benefitted from other EU agreements are published here:
European Commission – DG Trade
EUROCHAMBRES – The Association of European Chambers of Commerce and Industry