April 11 | By: Jones Hayden.
The European Union and Japan are showing renewed urgency in talks on a free-trade agreement, with EU Trade Commissioner Cecilia Malmstrom urging both sides to meet a year-end deadline in the face of increasing protectionist sentiment.
Malmstrom said on Tuesday that an EU-Japan trade deal could remove more than 1 billion euros ($1.06 billion) a year in tariffs between the two partners.
“Strengthening the partnership with our closest Asian ally, building bridges between us, is now needed more than ever as we face rising protectionism around the world,” Malmstrom said in a blog post. “An EU-Japan trade deal would send a powerful signal.”