Arab Today, arab today european union japan prepare for free trade negotiations
Last Updated : GMT 06:37:29
Arab Today, arab today
Arab Today, arab today

Teleconference aims to increase 3% EU investment

European Union, Japan prepare for free trade negotiations

Arab Today, arab today

Arab Today, arab today European Union, Japan prepare for free trade negotiations

EU Council, Commission heads to talk with PM Shinzo Abe
Tokyo - Arabstoday

EU Council, Commission heads to talk with PM Shinzo Abe Japan and the European Union were readying to launch talks on a free trade agreement Monday, with a telephone summit expected to be held later in the day, the EU's trade chief said. The talks, from 1830 hrs (0930 hrs GMT), are in place of a face to face meeting between EU Council and Commission heads Herman Van Rompuy and Jose Manuel Barroso, and Japanese Prime Minister Shinzo Abe, which were shelved while Europe grappled with debt problems in Cyprus.
"I am glad that a telephone call between Presidents Barroso and Van Rompuy (and Abe) will take place later today with the view to launch the negotiations for a free trade agreement," Karel De Gucht, EU Trade Commissioner said.
The EU and Japan combined account for around a third of global economic activity, De Gucht said, yet a phalanx of barriers has hamstrung trade.
"Only three percent of European foreign direct investment is in Japan, this shows the EU-Japan trade and investment relationship could and should be greatly enhanced," he said.
The EU is feverishly trying to broker bilateral trading agreements with leading world economies the United States and Japan as it looks to boost its sometimes struggling economy.
Japan is a big prize for exporters, who complain that its large market is heavily weighted in favour of domestic producers, with sometimes eye-watering tariffs and a range of other barriers to entry, which it is seen as unwilling to remove.
De Gucht on Monday said any talks had to produce substantial progress on the tariff issue within 12 months.
"From the European perspective, it's clear to me that dismantling the persistent non-tariff barriers will be the key for the success of the negotiations.
"In order to convince the sceptics, we need to include a review clause in the mandate.”
"After one year from starting off the negotiations, I will take stock of the progress made by Japan in implementing the road maps on non-tariff barriers and...procurement, and if the conclusion would be that the progress has not been satisfactory, the negotiations would be suspended."
The telephone conversation will also include discussion on the outcome of crisis talks on Cyprus.
Nicosia, the European Union, European Central Bank, International Monetary Fund and eurozone leaders have agreed a deal that will mean the breaking up of the island's second largest lender Laiki (Popular Bank), and a hefty levy on deposits above €100,000 ($130,000).
Markets feared that failure to reach a deal would have seen the tiny Mediterranean country exit the 17-nation eurozone, with the fallout spreading to other troubled bloc members including Italy and Spain.
Japan's Chief Cabinet Secretary Yoshihide Suga told a news conference the telephone talks would help "secure close communications between the two leaderships.”
 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today european union japan prepare for free trade negotiations Arab Today, arab today european union japan prepare for free trade negotiations

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today european union japan prepare for free trade negotiations Arab Today, arab today european union japan prepare for free trade negotiations

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday