IDEAS home Printed from https://ideas.repec.org/a/iem/journl/v10y2018i2p18-41.html
   My bibliography  Save this article

The Economic And Geopolitical Meanings Behind The Eu-Japan Economic Partnership Agreement

Author

Listed:
  • Agnes Ghibuţiu

Abstract

In December 2017, the EU and Japan announced the conclusion of the final talks on their comprehensive Free Trade Agreement and Economic Partnership Agreement (EPA) respectively, negotiated since 2013. The EPA comes at a time when the international rules-based order and open trading system are facing the biggest challenges since their establishment in the aftermath of WW2. After a brief overview of the components of the new EPA, this paper highlights its economic, commercial, and geostrategic significance, and also assesses its implications for the EU and Japan, as well as the USA, and globally. According to its findings, in addition to the substantial potential economic benefits for the EU and Japan, the new agreement will trigger considerable geopolitical effects. Not only will it place the EU and Japan at the forefront of global trade liberalization and rule-setting, but it is also likely to have a beneficial influence on US trade policy. Yet, the current world order and the global trading system are still in flux, and their future is fraught with uncertainty.

Suggested Citation

  • Agnes Ghibuţiu, 2018. "The Economic And Geopolitical Meanings Behind The Eu-Japan Economic Partnership Agreement," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 10(1), pages 18-41.
    • Handle: RePEc:iem:journl:v:10:y:2018:i:2:p:18-41
    as

    Download full text from publisher

    File URL: http://iem.ro/rem/index.php/REM/article/view/627/707
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    European Union (EU); Japan; free trade agreement; trade policy; USA;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iem:journl:v:10:y:2018:i:2:p:18-41. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ionela Baltatescu (email available below). General contact details of provider: https://edirc.repec.org/data/imacaro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.