japanese pm to seal eu trade deal in blow to protectionism
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Japanese PM to seal EU trade deal in blow to protectionism

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleJapanese PM to seal EU trade deal in blow to protectionism

Japanese Prime Minister Shinzo Abe
Brussels - AFP

Japanese Prime Minister Shinzo Abe and the EU's top officials will join forces Thursday and approve the broad outline of a landmark trade deal that would challenge the protectionism championed by US President Donald Trump.

European Union Trade Commissioner Cecilia Malmstroem on Tuesday announced the two sides had reached a "political agreement" on the EU Japan deal, after eleventh hour talks with Japanese Foreign Minister Fumio Kishida in Brussels.

Abe was also set to meet NATO chief Jens Stoltenberg on Thursday at the alliance headquarters in Brussels amid rising tensions after a missile launch by North Korea.

The breakthrough capped four years of talks and came ahead of a G20 meeting in Germany at which Trump is expected to defend his protectionist stance on trade.

Abe is set to officially rubberstamp the preliminary accord at a meeting on Thursday with EU Council President Donald Tusk and EU Commission chief Jean-Claude Juncker.

"Right in time for the G20 summit in Hamburg I believe we will lay down an economic partnership with Japan," Juncker told Germany Passauer Neue Presse on Thursday.

"It will be an important signal that we take these matters very seriously and that we are committed to free and fair trade," he added.

Juncker also insisted that the deal would be a major boon for European farmers who would gain access to a huge market "that appreciates European wine and our 200 protected regional products".

The EU and Japanese economies combined account for more than a quarter of global output making the deal one of the biggest trade pacts ever attempted.

The "political agreement" on the trade deal covers some of the accord's toughest aspects but leaves aside details that could still prove difficult.

- 'Corporate protectionism' -

At the heart of the deal is an agreement for the EU to open its market to the world-leading Japanese auto industry, with Tokyo in return scrapping barriers to EU farming products, especially dairy.

"After hard negotiations, the EU and Japan are sending a very positive signal to the world," said Markus J. Beyrer, Director General of BusinessEurope, a Brussels-based lobby.

"We are asking G20 to take action against protectionism and this is a concrete example of how this could be done," he added.

Left untouched for now are the controversial investment courts that have stoked opposition to trade deals in the EU nations, including Germany and France.

Activists Thursday objected to the mooted deal calling it a dangerous sop to multinationals.

"This trade deal, and others like it, smack of corporate protectionism at the expense of democracy and the environment," Greenpeace trade campaigner Kees Kodde.

Last year the EU's giant CETA trade deal with Canada nearly sank on such concerns when the small Belgian region of Wallonia threatened to veto it, before eventually relenting.

source: AFP

themuslimchronicle
themuslimchronicle

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*

japanese pm to seal eu trade deal in blow to protectionism japanese pm to seal eu trade deal in blow to protectionism

 



Themuslimchronicle, themuslimchronicle

GMT 09:08 2017 Monday ,18 December

Lufthansa wants to 'destroy' Niki airline

GMT 08:31 2017 Tuesday ,07 March

Deutsche Bank drags European equities lower

GMT 10:56 2017 Sunday ,17 December

Shikhar sure India won’t wilt under the pressure

GMT 10:08 2017 Friday ,15 September

Pakistan's fatal attraction to celebratory gunfire

GMT 21:43 2017 Thursday ,09 February

Al Attiyah left Tunisia to Genève

GMT 08:59 2018 Monday ,08 January

Europe casts a wary eye on China's Silk Road plans

GMT 10:05 2016 Monday ,10 October

Trump's locker-room comment riles US athletes

GMT 13:59 2011 Wednesday ,27 July

Journalist Salameh at death’s door

GMT 11:37 2017 Saturday ,23 December

Major powers seek to hold Sochi congress

GMT 03:03 2016 Tuesday ,28 June

'I'm still alive' jokes Queen Elizabeth

GMT 17:29 2017 Saturday ,09 September

Chloe Gosselin appoints Emma Beckett PR

GMT 14:06 2017 Tuesday ,19 September

Aurelia Probiotic Skincare launches Christmas Candles

GMT 08:47 2017 Tuesday ,19 December

Singer Haifa Wahby launches new clip

GMT 07:11 2017 Thursday ,07 September

World Cup failure puts Qatar back in spotlight

GMT 20:58 2016 Wednesday ,30 November

October 23 - November 21

GMT 15:49 2016 Saturday ,26 March

2 executed for murder in Dammam 

GMT 09:59 2017 Wednesday ,15 February

NBC to take stake in Euronews in global push

GMT 01:50 2016 Saturday ,24 September

23rd Tokyo International Book Fair kicks off
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle