More on the huge EU Japan free trade agreement

Justin had the news yesterday: EU and Japan sign trade agreement in Tokyo

My follow up a little while ago: ICYMI: EU, Japan free trade deal - cuts or eliminates tariffs on nearly all goods

Just a bit more now …. this thing is humungous!

• Took four years to negotiate
• Japan to eventually remove tariffs on 94% of all imports from the EU
• EU will eventually eliminate tariffs on 99% of imports from Japan (eg. to abolish tariffs on Japanese cars and trucks in the eighth year following the implementation of the agreement )
• Eu and Japan to co-operate on setting of standards and regulations,

Its off to the EU and Japanese parliaments now for ratification. Passage through both is expected.