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EU, Japan Have ‘agreement in principle’ on Free Trade Agreement

Posted July 05, 2017

Under Economic Issues, International Trade Issues

(Raf Casert – Associated Press)

The European Union and Japan have agreed “in principle” on a free trade deal that will affect an overwhelming majority of commerce between the two economic giants and will be officially endorsed at a summit of their leaders Thursday.

EU Council President Donald Tusk and Japanese Prime Minister Shinzo Abe will meet Thursday and will be able to shake hands on the landmark deal, which took four years of negotiations.

EU Trade Commissioner Cecilia Malmstrom said in a Tweet that “We’ve reached political agreement” and “now recommend to leaders to confirm this” at their short summit. Click here to read more.

Related: EU Commissioner Says Free Trade Agreement with Japan Reached During Kishida Visit (Japan Times)