Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-338-000"
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"en.20120613.24.3-338-000"2
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"In 2009, the EU and Japan represented together more than a quarter of global GDP and more than 20% of global trade. Japan and the EU are significant investors in each other’s economies with a combined volume of foreign direct investment worth EUR 200 billion in 2009. The EU and Japan are facing common challenges, such as the political and economic rise of China, economic slowdown in the aftermath of the global financial crisis, decreasing demographics, and a pressing need to access raw materials and energy sources, as well as ensuring the price stability thereof. Open and fair trade is a powerful tool to create more growth and societal well-being. Although the EU and Japan generally have low tariffs on goods, bilateral trade volumes between the EU and Japan lag behind the bulk of the EU's trade exchanges with its other main trading partners. I believe it is important to strengthen trade relations between the EU and Japan and to remove non-tariff barriers to trade and investment, including numerous restrictive rules and regulatory measures for EU companies in accessing the Japanese market. I also believe that an EU-Japan free trade agreement would not only yield benefits in terms of an increase in the bilateral trade in goods and services, but would also foster cooperation in terms of the EU’s horizontal priorities."@en1
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