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| EU and Japan finalise ‘cars-for-cheese’ trade deal |
| Tokio, 11.12.2017 |
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| Accord covers market of 600m people and 30 per cent of global GDP
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https://www.ft.com/content/b48e4f3a-dc0e-11e7-a039-c64b1c09b482
The EU and Japan have agreed the final pieces of a major free trade agreement — dubbed the “cars-for-cheese” deal by some commentators — saying the accord sends a “clear signal” that global markets remain open. The deal, agreed in principle in July, covers a combined market of 600m people accounting for approximately 30 per cent of global gross domestic product. Brussels hailed it as a breakthrough for the bloc’s businesses, notably its farmers, saying it was “the most significant and far reaching deal ever concluded by the EU in agri-food trade”.
Cat Rutter Pooley in London and Jim Brunsden in Brussels
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