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Japan, EU Put Off FTA Conclusion To 2017

by Mary Swire, Tax-News.com, Hong Kong

20 December 2016


The Economic Partnership Agreement (EPA) trade treaty negotiations between the European Union (EU) and Japan, which began back in April 2013, are not now expected to be concluded until sometime in 2017.

The original deadline for the completion of the EPA talks was the end of 2015. More recently, the expected target date had been set as the end of this year.

However, the EU's chief negotiator for the EPA, Mauro Petriccione, informed a Tokyo press briefing on December 17 that, after the conclusion of the most recent round of negotiations, there are still areas within the EPA where further discussion will be necessary.

It was believed that he was alluding principally to a possible trade-off between the request from Japan for the EU to cut its import duties on automobiles, and the tariff reductions on agricultural items, such as cheese and other dairy products, that the EU is seeking in return from Japan.

TAGS: tax | tariffs | trade treaty | agreements | import duty | trade | European Union (EU) | Japan | Europe

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