EU AND JAPAN AUTO SECTORS WELCOME EUROPEAN-JAPANESE MAJOR TRADE DEAL, ALTHOUGH EUROPEAN CARMAKERS EXPRESS CAUTION
July 1st, 2017
THE TRADE deal announced by the European Union (EU) and Japanese on July 6 that would cut tariffs and harmonise technical regulations has been welcomed by Japan and EU auto-makers – although the Europeans are expressing caution.
Brussels and Tokyo said they had stuck a “political agreement in principle” for an economic partnership agreement, that would phase out vehicle tariffs over seven years and bring regulatory convergence through a special auto annex. Should the final text follow through on these goals, it should remove most regulatory barriers to ...
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