Bigger in Japan: How EU trade deal could benefit Ireland
The EU-Japan trade agreement signed today has been described as a 'massive opportunity' for the Irish food sector, while the Irish whiskey industry is also expecting to benefit
European Council president Donald Tusk and European Commission chief Jean-Claude Juncker are in Tokyo today to sign the biggest trade deal negotiated by the EU.
The EU-Japan agreement was reached in December, and covers two economies which together make up around 30 per cent of world output.
The deal will remove EU tariffs of 10 per cent on Japanese cars, while Japanese tariffs on cheese and wine will also go.
The EU and Japan will be hoping that the deal will send a strong message about the benefits of open tradeat a time when US president Donald Trump is stoking trade tensions by imposing tariffs on goods from China, the EU and others.
