The EU and Japan seek to reach a trade agreement before the British retreat
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The two sides' chief negotiators on Wednesday said that the EU and Japan are intensifying their efforts to ensure that the free trade agreement between the two sides can come into force in early 2019, preferably before the UK leaves the European Union.
Japanese negotiator Suzuki Yasuhito (Yoichi Suzuki) said that the agreement reached by the negotiators last year could be submitted to the Japanese parliament later in 2018, so that it is expected to be approved by the end of the year.
For entry into force before the end of March 2019, this is a very urgent matter, "he said at a meeting in Brussels on the CEPS think tank. Britain will withdraw from the European Union in March 2019.
If the FTA is able to take effect before Britain is out of Europe, it can automatically apply to the UK within a period of about two years after March 2019. Otherwise, it can not be applied.
EU Trade Commissioner mam strom Tuesday said at a press conference, the European Union and Japanese leaders to the summer or to sign the agreement.
Petri Cioni (Mauro Petriccione), the European Union's chief negotiator, said at a meeting Wednesday that the European Union was doing its best to sign the agreement in the summer.
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