Economic Partnership Agreement (EPA) and the global supply chains
The European Union - Japan Economic Partnership Agreement (EPA), expected to go into effect in 2019, covers nearly 30% of the global economy and markets of 600 million people. A key outcome of this agreement is the elimination of tariffs on most commodities.
It is expected that trade with partners whose products are subject to higher duties than the EU and Japan new negotiated tariffs, will decrease and higher volumes will be traded between EU and Japan.
View our Quarterly Trade Outlook Report as Daniela Stratulativ, IHS Markit Maritime & Trade Head of Global Trade Analysis, provides an in-depth analysis on this new agreement and the impact to trade flows and supply chains.
Quarterly Trade Outlook: October 2018
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