EU, Japan Expand FTA Benefits
The European Union and Japan expanded the number of geographical indications protected under their free trade deal and loosened restrictions on trade in cars and wine, the EU said Feb. 1. The changes, announced on the agreement's second anniversary, will…
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protect 28 additional geographical indications for each country. The two sides also agreed to extend the list of car safety requirements that don’t require “double approvals,” making vehicle trade easier. Japan also further aligned its wine standards to those of the EU, which will allow more EU wine to access the Japanese market. In another change, the two sides said they simplified procedures for obtaining tariff preferences, making it easier for EU companies -- particularly small businesses -- to export to Japan.