On February 1, 2019 the European Union (EU) - Japan Economic Partnership Agreement (EPA) becomes effective. The EPA creates a trading area that covers 600 million people and close to a third of global gross domestic product.
“The EPA is the biggest trade agreement concluded to date by the EU. 99% of the tariffs applied on EU exports to Japan which currently amount to €1 billion, will be removed.”(1)
The EU exports more than €58 billion in goods and €28 billion in services to Japan each year.(2)
European Council Press Release - “EU-Japan trade agreement will enter into force on 1 February 2019” - 21/12/2018
European Commission - “EU-Japan Economic Partnership Agreement” - Official Page
European Commission - “Fact sheets about the agreement” - News archive