Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-334-250"

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"en.20121025.26.4-334-250"2
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"Both the EU and Japan have shown a desire to open trade negotiations that step up the economic integration between both parties. Japan has revealed its intention to remove non-tariff barriers in the automotive sector and in public procurement. The desire of the two blocks to establish a free trade agreement was reaffirmed at the 2011 EU-Japan Summit. According to the Commission’s data, a trade agreement with Japan would have a major economic impact on the EU, with the potential for 420 000 new jobs and a potential increase of some 23.5 % in European exports. However, if non-tariff barriers to trade were reduced as far as possible, there could be a possible 71 % increase in EU exports to Japan and a 61 % increase in Japan’s exports to the EU. Together, the EU and Japan currently account for more than a third of global GDP and more than 20 % of world trade. I am therefore voting in favour of opening trade negotiations with Japan, given the socio-economic benefits that the signing of a trade agreement between the two blocks will entail."@en1

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