Arab Today, arab today european union japan prepare for free trade negotiations
Last Updated : GMT 08:17:24
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

 



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
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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