The European Union’s top officials will arrive in Japan today to sign the single market’s biggest trade deal ever and present a united front as Washington upends the international trade order.
The deal, agreed last December, is the biggest ever negotiated by the European Union.The agreement will create an open trade zone covering nearly a third of the world’s GDP.
The EU the world’s biggest single market with 28 countries and 500 million people — is trying to boost alliances in the face of Trump’s protectionist administration.
Under the trade agreement, the EU will open its market to Japan’s auto industry, with Tokyo in return scrapping barriers to EU farming products, especially dairy. Japan’s Prime Minister Shinzo Abe had been scheduled to sign the deal in Brussels last week, but cancelled his trip after devastating floods that killed more than 220 people.