Brussels: Europe and the Arabs

The European Commission in Brussels said that in 2022, trade between the European Union and Japan grew by 13.4% thanks to the Economic Partnership Agreement. And the Commission, which is the executive body of the single European bloc, added, through a tweet on Twitter today, Friday, that in 2021, goods trade between the two partners has recovered. already to pre-pandemic levels thanks to the agreement.
The Economic Partnership Agreement between the European Union and Japan entered into force on February 1, 2019.
EU companies already export nearly €70 billion in goods and €28 billion in services to Japan each year.
In the past, European companies faced trade barriers when exporting to Japan, which sometimes made it difficult for them to compete.
According to the Commission's official website, "The trade agreement with Japan removes tariffs and other trade barriers and creates a platform for cooperation in order to prevent barriers to trade; helps us shape global trade rules in line with our high standards and shared values; sending a strong signal that two of the largest The world's economies reject protectionism.