Japan, EU to sign widespread trade deal eliminating tariffs
The signing in
Both sides are heralding the deal, which covers a third of the global economy and more than 600 million people.
Prices of European wine and pork will fall for Japanese consumers. Japanese machinery parts, tea and fish will get cheaper for
The deal eliminates about 99 percent of the tariffs on Japanese goods to the EU, but remaining at around 94 percent for European imports into
The major step toward liberalizing trade was discussed in talks since 2013 but is striking in the timing of the signing, as
The
Besides the latest deal with the EU,
By strengthening ties with the EU,
Japanese consumers have historically coveted European products, and a drop in prices is likely to boost spending.
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