Skip to main content

Don't Look Back in Anger: UK Will Not Benefit From New EU-Japan Trade Deal



Japan and the European Union have agreed to strike a trade deal that would cover more than a quarter of the global economy. 

Some say the parties are seeking to polish their image as opponents of protectionism, however, Britain who is currently still part of the EU, will not benefit from the deal which will take at least three years to negotiate.

After months of tough negotiations in Tokyo, the four years of talks have come to an end, as the Japanese Foreign Minister Fumio Kishida arrived in Brussels Thursday, June 6 to meet with the EU trade commissioner Cecilia Malmstrom. Both sides have now agreed on a fair trade deal.

​"We have made significant progress in negotiations, but there are still important issues to be resolved. 

It's extremely important for Japan and the EU to fly the flag of free trade amid protectionist moves by reaching a swift outline agreement," Japanese Prime Minister Shinzo Abe said in a recent statement.

President of the European Council (EC) Donald Tusk has said that the deal showcases the importance of the EU and that Brexit should not make other countries think the bloc is unnecessary.

"In the context of the discussion about Brexit, we have heard statements claiming that it isn't worth being in the European Union, as it is easier to do global trade outside of the EU. Today we have shown that this is not true. 

The EU is more and more engaged globally, and ahead of the EU are negotiations with Mercosur countries, Mexico, New Zealand, Australia and others," President Tusk said.

European affairs analyst Yannis Koutsomitis told Sputnik why the EU and Japan would both find the newly-struck deal beneficial.

"Well, first of all for European businesses and companies get access to a vast amount of public services in Japan and procurement and also, they will get access to the Japanese market in terms of food and agriculture. 

I think this is the main topic that both parties can benefit from since Japan has significant surplus on joint trade. 

Also Japan will get access to the European car market, as most of the tariffs that are now in place for Japanese cars plays out in the next few years," Mr. Koutsomitis said.

However, the trade agreement is not all good news. 

The UK, which will be exiting the EU in 2019 — if Brexit negotiations go smoothly — may not benefit from the deal as it takes some time to set up. 

The Comprehensive Economic and Trade Agreement (CETA) took three years for instance, and therefore the likelihood is that Britain will have left the bloc already.

"If we take into consideration the time it took for the European and Canadian agreement, it took three years to finalize… I don't think that Britain will be in the EU by the time this new agreement will come into effect, so I think Britain will need to negotiate a new agreement, on new terms with the Japanese government," Mr. Koutsomitis said.

This agreement sent a strong message to the world, Mr. Koutsomitis believes, as both sides placed a huge amount of importance on signing a fair trade deal — one which addressed environmental issues and was beneficial to both parties.

"Much significance has been placed by the European officials on having a fair trade which means there will be strict regulations on labor and on environmental issues. 

There will be a special clause that will describe how the two parties will enforce the Paris Agreement, so the political signal from European countries is that they want to have open trade with big countries in the world, but on the other hand have fair trade as well," Mr. Koutsomitis said.

However, some critics have said that EU leaders may be giving up privacy for profits as the deal could erode the EU's digital privacy regime.

Data is a sensitive topic and is crucial for companies and banks. Under the current regulations, if a European business wants to sell products in Japan and store customer data such as card details, it needs to do so on Japanese territory and in Japanese servers. 

This ultimately increases the cost to businesses and is also the same for Japanese businesses operating in Europe.

"Well these are legitimate concerns and it will definitely be one of the most delicate issues that will be negotiated in the coming months […] the devil lies in the detail, but there is clear political will on both sides to have sound agreements that will pass all the 38 national and regional Parliaments of Europe after the adventures of the CETA agreement in Europe,"  Mr. Koutsomitis said.


Comments

Popular posts from this blog

Iran Killing Command: The use of firearms in dealing with protesters

The document you see on the image is the order of the commander of the Tehran repressive force to all the units based in the city.

Based on this agenda, the mercenaries of the corrupt government Islamic Republic of Iran have been allowed to use firearms in the event of any protest movement against people by the regime.
This is a murder command.
The repressive force of the law, known to the world's famous police and guardians, should protect the lives of its citizens, by freeing their mercenaries, they allow them to murder Iranians who are protesting the corruption in the government and you have the important message that if you come to the streets in protest of corruption and torture and massacre, we will kill you.
Because, according to criminal Khomeini, maintenance of the system is obligatory.
A corrupt government that is so hideous that spend billions of dollars from the national treasury and popular capitalto the suppression of its people and the countries of the region, must be ov…

ایران فرمان قتل : دستور استفاده از سلاح گرم در برخورد با معترضان

سندی که در تصویر میبینید دستور فرمانده نیروی سرکوبگر انتظامی تهران به همه یگانهای مستقر در این شهر است.
بر اساس این دستور کار ، مزدوران حکومت فاسد نظام جمهوری اسلامی اجازه یافته اند که درصورت بروز هرگونه جنبش اعتراضی از سوی مردم علیه رژیم ، از سلاح گرم استفاده کنند.
این دستور یک فرمان قتل است.
نیروی سرکوبگر انتظامی که به ظاهر و تعریف شناخته شده پلیس در سراسر جهان ، میبایست حافظ جان شهروندان باشد ، با آزاد گذاشتن دست مزدوران چکمه پوش خود انها را مجاز به قتل ایرانیان معترض به فسادهای موجود درلایه های حکومت میکنند و این پیام مهم را در خود دارد که اگر در اعتراض به  فساد و شکنجه و کشتار به خیابانها بریزید شما را خواهیم کشت.
چرا که به گفته خمینی دجال، حفظ نظام از اوجب واجبات است.
حکومت فاسدی که انقدر وقیح هست که میلیاردها دلار از خزانه ملی و سرمایه مردمی را صرف سرکوب مردم خود و کشورهای منطقه میکند باید سرنگون کرد.
اکنون چهل سال است که کشور ما به اشغال این ملایان جنایکتارخونخوار و اسلام تحمیلی در آمده است .
هنوز باورش برای برخی سخت است که درک کنند کشور ما به معنای واقعی کلمه از سوی بنیادگرایان الله…

مائده مختار زاده یکی از اعضاء فعال گروهک تروریستی سازمان مجاهدین خلق در ایران_قسمت 1

گزارش شماره یک درباره یکی از خائنین به ملت ایران
 همانطور که ملت بزرگ و شریف ایران زمین میدانند یکی از خطرناک ترین و فاسدترین گروه های تروریستی که سالیان سال در سطح جهان وایران به فعالیتهای غیر انسانی و جنایتکارانه مبادرت می ورزند و با افکار و عقاید بیمارگونه خود جانهای جوانان ایران زمین را می آلایند، گروهک تروریستی مجاهدین خلق می باشد.
جنایات آنان طی سالیان گذشته بر همگان آشکار بوده و چه خانواده هایی که فرزندان عزیز خود را که توسط اعضای این گروه شستشوی مغزی داده شدند ، از دست داده اند و دیگرانی که طعمه شکارچیان بی رحم این گروه تروریستی قرار گرفته اند.
اما خانواده هایی هستند که همچنان نسل اندر نسل به این سازمان تروریستی وفادارند و ایدئولوژی جنایتکارانه خود را به فرزندشان منتقل می کنند و همچنان در داخل و خارج ایران به ترویج افکار مسموم آنها و همچنین فعالیتهای تروریستی مشغول می باشند.
در اینجا به معرفی یکی از این خانواده ها و تشریح فعالیتهای آنها از سالهای آغازین انقلاب ایران تا کنون  خواهیم پرداخت:
مصطفی و جعفر مهیمنی و یکی از خواهرانشان مرضیه مهیمنی ساکن شهرستان بابل در استان مازندران در س…