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The EU-Japan free trade agreement in evolving global trade politics

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  • Hidetaka Yoshimatsu

    (Ritsumeikan Asia Pacific University)

Abstract

The European Union (EU) and Japan began to search for the conclusion of a free trade agreement (FTA) around 2010, and formal negotiations on the EU-Japan FTA (EJFTA) began in April 2013. The negotiations took a longer time than expected, reaching a signature on the agreement in July 2018. This article, by taking into account the character of the EJFTA as a representative mega-FTA, examines how two variables—the influence of interconnected FTA structure and political leaders’ responses to anti-multilateralism—influenced the development process of the EJFTA. This article makes two main arguments. First, the presence and substance of other FTAs in which the EU and Japan had been involved brought about both positive and negative effects on the development of the EJFTA. Second, moves towards anti-multilateralism and market disintegration in 2016–17 urged Japanese and European leaders to pursue a swift conclusion of negotiations on the EJFTA.

Suggested Citation

  • Hidetaka Yoshimatsu, 2020. "The EU-Japan free trade agreement in evolving global trade politics," Asia Europe Journal, Springer, vol. 18(4), pages 429-443, December.
    • Handle: RePEc:kap:asiaeu:v:18:y:2020:i:4:d:10.1007_s10308-019-00545-3
    DOI: 10.1007/s10308-019-00545-3
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    References listed on IDEAS

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    1. Richard Baldwin, 1993. "A Domino Theory of Regionalism," NBER Working Papers 4465, National Bureau of Economic Research, Inc.
    2. Michael Frenkel & Benedikt Walter, 2017. "The EU-Japan Economic Partnership Agreement: Relevance, Content and Policy Implications," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 52(6), pages 358-363, November.
    3. Gabriel Felbermayr & Fukunari Kimura & Toshihiro Okubo & Marina Steininger & Erdal Yalcin, 2017. "On the economics of an EU-Japan Free Trade Agreement," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 86.
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    Cited by:

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    2. Chengwei Xu & Guanie Lim, 2024. "Global Britain, Belt and Road Initiative, and New Southbound Policy: Which One Matters to Southeast Asia?," GRIPS Discussion Papers 24-05, National Graduate Institute for Policy Studies.

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