EU and Japan sign Economic Partnership Agreement

The key parts of the agreement

With regards to agricultural exports from the EU, the agreement will, in particular:

• scrap Japanese duties on many cheeses such as Gouda and Cheddar (which currently are at 29.8%) as well as on wine exports (currently at 15% on average);
• allow the EU to increase its beef exports to Japan substantially, while on pork there will be duty-free trade in processed meat and almost duty-free trade for fresh meat;
• ensure the protection in Japan of more than 200 high-quality European agricultural products, so called Geographical Indications (GIs), and the protection of a selection of Japanese GIs in the EU.

The agreement also opens up services markets, in particular financial services, e-commerce, telecommunications and transport. It furthermore:

• guarantees EU companies access to the large procurement markets of 48 large Japanese cities, and removes obstacles to procurement in the economically important railway sector at national level;
• addresses specific sensitivities in the EU, for instance in the automotive sector, with transition periods of up to 7 years before customs duties are eliminated.

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