Historic free trade agreement between the EU and Japan Presented at the Stockholm School of Economics
After many years of negotiations, the EU and Japan have now, in principle, reached an agreement on economic partnership and free trade. EU Commissioner Cecilia Malmström presented the agreement when the European Institute of Japanese Studies (EIJS) at the Stockholm School of Economics celebrated its 25th anniversary.
Japan is the world’s fourth-largest economy, and the economic partnership agreement may increase European exports in a large number of areas.
“Although this agreement is of enormous economic significance, it is also a way to establish closer relations. We are demonstrating that, as democratic and open global partners, the EU and Japan, believe in free trade. That we believe in building bridges, not walls,” says EU Commissioner Cecilia Malmström.
In conjunction with EIJS 25th anniversary on September 28, Cecilia Malmström visited the Stockholm School of Economics to discuss and debate the new trade agreement. EU and Trade Minister Ann Linde also attended to talk about the importance of the new agreement for Sweden.
“We are very proud to have served as the link between the EU and Japan for so long and to finally see that our efforts have yielded results,” says Professor Marie Söderberg, Head of EIJS.