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Progress reached at the 3rd Round of EU-Japan Trade Talks

EU News 450/2013

Brussels, 25 October 2013

The third round of EU-Japan Free Trade Agreement negotiations took place in the week of the 21-25 October in Brussels. This round of negotiations focussed on discussing each side’s proposals for the text of the future FTA.

Similar to the first and second round of negotiations, discussions took place in Working Groups which covered the following areas: Trade in goods (including Market Access, General Rules, Trade Remedies), Technical Barriers to Trade and Non-Tariff Measures, Rules of Origin, Customs and Trade Facilitation, Sanitary and Phytosanitary Measures, Trade in Services, Investment, Procurement, Intellectual Property, Competition Policy, Trade and Sustainable Development, Other issues (General and Regulatory Cooperation, Corporate Governance and Business Environment, Electronic Commerce, Animal Welfare) and Dispute Settlement.

An agreement between the two economic powerhouses is expected to boost Europe’s economy by 0.6 to 0.8% of its GDP and may create up to 400.000 jobs. It is expected that EU exports to Japan could increase by 32.7%, while Japanese exports to the EU would increase by 23.5%.

The next round of negotiations will take place in early 2014.

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