Will US President administration condemn EU-Japan free trade agreement?
The EU and Japan have signed an unprecedented free trade agreement which will create one of the world's largest trading blocs. European Council President Donald Tusk says it is a "clear message" against protectionism.
The European Union (EU) and Japan have signed a trade deal that promises to eliminate 99 percent of tariffs that cost businesses in the EU and Japan nearly €1 billion ($1.17 billion) annually.
Japanese Prime Minister Shinzo Abe said the deal "shows the world the unshaken political will of Japan and the EU to lead the world as the champions of free trade at a time when protectionism has spread."
According to the European Commission, the EU-Japan "Economic Partnership Agreement" (EPA) is the largest trade deal ever negotiated by the EU and will create a trade zone covering 600 million people and nearly a third of global GDP.