EU Gives Green Light to Trade Partnership With Japan
European Union lawmakers supported trade partnership between the EU and Japan. The European Parliament voted 474 in favor to 156 against the agreement that binds two economies accounting for about a third of global gross domestic product and also signals their rejection of protectionism. The agreement is set to enter force next year.
Analysts say, the new EU-Japan agreement will give an economic boost and help European firms access markets that are technology-rich and can pay for innovation. It is an agreement that can help overcome pessimism about trade and global cooperation, and show that countries can work constructively together.