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EU, Japan to ink major trade agreement
(MENAFN) Top officials of the European Union were confirmed to have landed in Japan, set to ink the single market's most major trade agreement.
Japan has received EU Council President Donald Tusk and Commission head Jean-Claude Juncker following their meeting in Beijing, where they called for global trade cooperation and raised concerns over trade wars.
In Beijing, Tusk said "it is the common duty of Europe and China, but also America and Russia, not to destroy (the global trade order) but to improve it, not to start trade wars which turned into hot conflicts so often in our history."
He then stressed that "there is still time to prevent conflict and chaos."
Commission spokesman Margaritis Schinas described the agreement as "the biggest ever negotiated by the European Union."
He further added that "this agreement will create an open trade zone covering nearly a third of the world's GDP."
Japan has received EU Council President Donald Tusk and Commission head Jean-Claude Juncker following their meeting in Beijing, where they called for global trade cooperation and raised concerns over trade wars.
In Beijing, Tusk said "it is the common duty of Europe and China, but also America and Russia, not to destroy (the global trade order) but to improve it, not to start trade wars which turned into hot conflicts so often in our history."
He then stressed that "there is still time to prevent conflict and chaos."
Commission spokesman Margaritis Schinas described the agreement as "the biggest ever negotiated by the European Union."
He further added that "this agreement will create an open trade zone covering nearly a third of the world's GDP."
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