Japan - European Union Free Trade Agreement and its future impact on the markets

Details

Supervisors

Defraigne, Jean-Christophe

Faculty

Louvain School of Management

Degree label

Master [120] en sciences de gestion, à finalité spécialisée

Abstract

Two years ago, when the world was facing an unprecedented era of protectionism, where the global organisations could not resolve and fix the growing distance between the West and the emerging economies, an agreement was signed between two economic powers that both stood for liberalism. On the 1st of February of 2019, was signed the free trade agreement between the European Union and Japan, the JEUFTA. This agreement, the largest of his kind, is the conclusion of over 6 years of negotiation between the two partners, and will surely, through its importance, set new standards on the world stage and resonate as the opposition to protectionism. The agreement aims to reduce and eliminate tariffs and non-trade barriers, and as a result, increase trade flows between the two partners.