EU-Japan free trade agreement to boost trade between Greece and Japan

The EU-Japan free trade agreement signed in Tokyo on Tuesday will boost trade between Greece and Japan, according to a European Commission infographic, one of several detailing benefits to European countries.

Titled “EU-Japan: A Boost for Jobs and Exports in Greece,” the Commission points out that businesses of all sizes throughout Greece already export a wide range of goods and services, but the trade agreement will make it easier and cheaper to do so.

Among facts that relate to Greece-Japan trade, the Commission lists the following:

– Number of Greek companies exporting to Japan: 497

– Number of jobs in Greece that EU exports to Japan help support: 2,981

– Main Greek products exported to Japan: Olive oil, marble (and other stone), pasta

– Value of Greek exports to Japan: 94 mln euros

– Value of Greek imports from Japan: 121 mln euros

The agreement will remove 99% of tariffs paid by EU companies exporting to Japan, the Commission said, sending “a clear message that the EU and Japan stand together against protectionism.”

“We are putting in place the largest bilateral trade deal ever. This is an act of enormous strategic importance for the rules-based international order, at a time when some are questioning this order. We are sending a clear message that we stand together against protectionism,” European Council President Donald Tusk said following the EU-Japan summit in Tokyo.

(The infographic is available at http://ec.europa.eu/trade/policy/in-focus/eu-japan-economic-partnership-agreement/eu-japan-in-your-town/greece_en.htm)