EU, Japan seal free trade in signal to Trump

EU, Japan seal free trade in signal to TrumpReuters ^ | 7/6/2017 | Alastair Macdonald and Robert-Jan Bartunek Posted on 7/6/2017, 11:39:49 AM by simpson96BRUSSELS, July 6 (Reuters) –

Japan and the European Union agreed a free trade pact on Thursday to create the world’s biggest open economic area and signal resistance to what they see as U.S. President Donald Trump’s protectionist turn.Concluded in Brussels on the eve of meetings with Trump at a summit in Hamburg, the “political agreement” between two economies accounting for a third of global GDP is heavy with symbolism.

It leaves some areas of negotiation still to be finished, although officials insist the key snags have been overcome.”Ahead of the G20 summit tomorrow, I believe Japan and the EU are demonstrating our strong political will to fly the flag for free trade against a shift toward protectionism,” Japanese Prime Minister Shinzo Abe told a joint news conference with EU institutional chiefs Donald Tusk and Jean-Claude Juncker.The “win-win” deal was, Abe said, “a strong message to the world”.In the works for four years, it has been pushed over the line towards a final treaty signature in the coming months by the election of Trump and his moves to ditch a Pacific trade pact that included Japan and leave talks with the EU in limbo.(Excerpt) Read more at …

Source: EU, Japan seal free trade in signal to Trump


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