Politico: EU reaches for the rising sun20 March 2017 | 09:18 | FOCUS News Agency
Since the election of U.S. President Donald Trump, European leaders have rushed to style themselves as the new vanguard of global free trade and pledged to fill the vacuum created by an increasingly protectionist United States.
The EU is hardly a stranger to Asian deals, having negotiated major accords with South Korea, Singapore and Vietnam. And in Brussels, senior officials profess optimism about clinching the agreement with Tokyo, which would be their biggest trade deal. Buoyed by a recent pact with Canada, officials are hoping to use Abe’s visit to build momentum.
Support is growing for a Japan accord among German automobile manufacturers, one of the most powerful groups in European industry.
“Europe remains the champion of open, rules-based trade, not least due to signs of protectionism emerging elsewhere,” European Council President Donald Tusk declared after the most recent EU summit. “Trade is central to our economic success,” Tusk added. “And so we will swiftly advance ongoing negotiations — such as with Japan.”
© 2017 All rights reserved. Citing Focus Information Agency is mandatory!