The European Union and Japan have signed a trade deal that promises to eliminate 99 percent of tariffs that cost businesses in the EU and Japan nearly $1.17 billion annually.The agreement covers 600 million people and almost a third of the global economy.
“The EU and Japan share a common vision for an open and rules-based world economy that guarantees the highest standards. We are sending a message to other countries about the importance of free and fair trade, and of shaping globalization,” EU Trade Commissioner Cecilia Malmström said after the agreement was finalized in 2017.
Read the article at USA Today.
