EU Touts EU-Japan EPA After First Year
The first year of the European Union-Japan Economic Partnership Agreement significantly increased U.K. meat, dairy, beverage, leather and electrical machinery exports, according to a Jan. 31 press release from the European Commission. The deal removed the “vast majority of the…
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€1 billion in duties” on EU exports to Japan and will eventually eliminate Japanese customs duties on 97 percent of EU imports once the deal is fully implemented, the commission said. Frozen meats of bovine animals saw the biggest growth under the deal (221 percent increase in exports), followed by milk and cream (120.7 percent) and babies’ clothing and accessories (108.3 percent).