It also includes obligations to comply with multilateral agreements and to ratify international labour organization (ILO) conventions. This agreement is particularly beneficial for French farmers and exporters: Japan is France`s sixth largest trading partner outside the European Union. Around 8,000 French companies are already exporting there, many for the first time exporters, and selling more than 6 billion euros worth of goods. The Japanese market offers considerable potential for French products due to its size and the high standards of its consumers. On 9 October 2012, JETRO organised a seminar with Sciences Po. Paris on the future of the EU-Japan Partnership for Growth. Government, science and industry spokespeople discussed the impact of the UE-Japan Economic Partnership Agreement (EPA) or the Economic Integration Agreement (EEA) on economic growth in Europe and Japan. Under the agreement, there will be no tariffs on Japanese cars in 2026, after the phasing out of tariffs, in accordance with the EU-Japan agreement. Tariffs on certain car and rail parts will be abolished before the EU-Japan agreement, which will benefit Japanese parts producers.
The EU and Japan meet regularly to discuss issues and best practices in implementing the agreement. Preferential tariffs under the Japan-EU EPA apply to trade between Japan and the UK until December. Higher tariffs will come into effect from next year in the absence of a new trade agreement between Japan and the UNITED Kingdom, which would hurt Japanese exporters. The importation of blue cheeses from the UK is guaranteed a tariff at the level set out in the EU-Japan agreement. The EU has negotiated an economic partnership agreement with Japan. The Economic Partnership Agreement between the European Union and Japan, signed on 17 July 2018, came into force on 1 February 2019. At a time of growing trade tensions, this agreement sends an important signal to support open and mutually beneficial global trade based on high standards. There will be fewer rules for the digital sector than the EU-Japan agreement. Algorithms and cryptography are added to the list of areas where governments cannot require companies to divide information.
The EU and Japan have entered into an Economic Partnership Agreement (CI-APRÈS, CEPOL) which came into force on 1 February 2019.