New Era of Trade Between Japan and EU
Report broadcast by On Demand, NHK World-Japan.
1 year has passed since the EPA (Economic Partnership Agreement) went into effect between Japan and the European Union. This historic agreement led to the creation of the world's largest free trade zone, one that includes up to 600 million people. In addition to the elimination of tariffs on a variety of goods, new provisions were established to protect products sourced from specific regions like Kobe Beef and Bordeaux wines, which have suffered from sales of falsely labeled goods from other areas. Said to be a model for free and fair trade moving into the 21st century, this episode highlights the effects this agreement is having on the import and export of popular goods between Japan and the EU.