EU-Japan Economic Partnership Agreement

The EU-Japan Economic Partnership Agreement (EPA), effective since February 2019, is a trade deal designed to strengthen economic ties between the European Union and Japan. It aims to reduce tariffs on goods, enhance trade in services, and promote investment. The agreement also addresses issues such as sustainable development and intellectual property rights. By lowering trade barriers, the EPA facilitates easier access to each other's markets, ultimately fostering economic growth and cooperation between the two regions. This partnership is significant as it covers around one-third of the world’s economy, promoting global trade and stability.