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Eu-Japan Economic Partnership Agreement Text

The EU-Japan Economic Partnership Agreement (EPA) text is a comprehensive agreement that was signed on July 17, 2018, between the European Union and Japan. The EPA is designed to create a free trade area between the EU and Japan by removing tariffs and other trade barriers and enhancing cooperation between the two economies.

The EPA text is a lengthy document that covers a wide range of topics related to trade between the EU and Japan. It addresses issues such as trade in goods, trade in services, investment, intellectual property rights, regulatory cooperation, and sustainable development. The agreement also includes provisions related to labor and environmental standards, as well as dispute settlement mechanisms.

One of the key provisions of the EPA is the elimination of tariffs on nearly all goods traded between the EU and Japan. This will give companies in both regions greater access to each other`s markets, which could lead to increased trade and investment opportunities. The EPA also includes provisions that address non-tariff barriers to trade, such as technical regulations and standards, which will help companies to comply with the rules and regulations in both markets more easily.

The EPA also includes provisions related to services, which is an important sector for both the EU and Japan. The agreement will open up new opportunities for service providers to operate in both regions, which will help to create jobs and boost economic growth. The EPA also includes provisions related to investment, which will promote greater foreign investment between the EU and Japan.

In addition to its economic benefits, the EPA also includes provisions related to sustainable development, labor, and environmental standards. The agreement includes a commitment to uphold international labor and environmental standards, which will help to promote fair and sustainable trade between the EU and Japan.

Overall, the EU-Japan Economic Partnership Agreement text is a significant achievement for both regions. It represents a major milestone in the effort to create a free trade area between the EU and Japan, which will create new opportunities for companies and boost economic growth. The agreement also includes important provisions related to labor, the environment, and sustainable development, which will help to ensure that the benefits of increased trade are shared fairly and sustainably.

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