The European Union and Japan have concluded negotiations on a bilateral agreement on the establishment of a free trade zone.
This was reported by Japanese Prime Minister Shinzo Abe, an official statement was also published by the European Commission.
According to Shinzo Abe, he held talks with EC President Jean-Claude Juncker on the results of the talks, noting that “a huge economic space, which accounts for 600 million people and which accounts for 30% of world GDP, is being created.”
The EC announced that the European Commissioner for Trade Cecilia Malmström and Japan’s Foreign Minister Taro Kono reached an agreement on the establishment of a FTA between the EU and Japan.
The sides stated that “the negotiations have been completed” and in the future they will begin the process of ratification and signing of the agreement.