MEDIA REPORTING FROM THE EVENT
With the EU and Japan embarking on the world's largest free trade agreement, the EU-Japan EPA Forum will be the first major international business conference dedicated to this agreement.
This first event gathered 200 international stakeholders, key policy-makers, regulators, business executives, as well as experts on international trade and investments.
The landmark EU-Japan Economic Partnership Agreement (EPA) will pave the way for signifiant market opportunities in a new joint free trade zone consisting of some 630 million people with strong purchasing power, accounting for nearly one third of global GDP.
The agreement is projected to more than double European exports to Japan from around €80bn a year to over €180bn a year within a 10-year time frame, with a similar dramatic increase in Japanese exports to the EU going from €55bn to over €140bn. One of the reasons for this increase is the fact that the trade volume today between the EU and Japan is considered rather low compared to the size of the European and Japanese economies.
The main sector beneficiaries include the automotive, transport equipment, pharmaceuticals, medical devices, electronics, information technology, chemicals, food and agriculture, textiles and leather goods, FMCG as well as service sectors such as insurance, business and financial services.
With vast trade and investment opportunities emerging, the EU-Japan EPA Forum program will focus on the prospects for companies with the elimination of technical trade barriers and import tariffs, in addition to areas of regulatory cooperation, improving market conditions on both sides.
The EU-Japan EPA Forum was held on 12 April, 2018 at the Old Stock Exchange in Copenhagen, Denmark in cooperation with The Ministry of Foreign Affairs of Japan (MOFA), The European Commission and Japan External Trade Organisation (JETRO).
We are pleased to announce Nikkei and Nikkei Asian Review as media partners, and Chris Clague, Managing Editor, Asia & Global Editorial Lead, Trade and Globalisation, The Economist Intelligence Unit, as moderator.
Speakers included the negotiators behind the agreement, Cecilia Malmström, EU Commissioner for Trade, and Ambassador Yoichi Suzuki, Japan’s Chief Negotiator, as well as business executives from companies such as AIRBUS, J.P. Morgan, Mizuho, NEC, Ericsson, Alstom, Novo Nordisk amongst others.