bin picking – Japan, EU sign trade deal to eliminate nearly all tariffs
Japanese Prime Minister Shinzo Abe (center) shakes hands with European Council President Donald Tusk as European Commission President Jean-Claude Juncker (right) looks on after signing an agreement at the Prime Minister’s Office in Tokyo on July 17, 2018. AFP
TOKYO, Japan — The European Union and Japan signed a landmark deal on Tuesday that will eliminate nearly all tariffs on products they trade.
The ambitious pact signed in Tokyo runs counter to President Donald Trump’s moves to hike tariffs on imports from many U.S. trading partners. It covers a third of the global economy and markets of more than 600 million people.
“The EU and Japan showed an undeterred determination to lead the world as flag-bearers for free trade,” Abe said at a joint news conference with European Council President Donald Tusk and European Commission President Jean-Claude Juncker.
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