TRADE: European Commission proposes signature and conclusion of Japan and Singapore agreements

The Commission today presented the outcome of negotiations for the Economic Partnership Agreement with Japan and the trade and investment agreements with Singapore to the Council.

This is the first step towards the signature and conclusion of these agreements. President of the European Commission Jean-Claude Juncker said: “Today we take a step forwards towards concluding agreements with two of our closest Asian partners, Japan and Singapore. The impact of these agreements will go far beyond our respective shores – it sends a clear and unambiguous message that we stand together against protectionism and in defence of multilateralism. This is more important than ever.” Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness said: “We now hope for a swift and smooth conclusion of these agreements, which will allow EU firms, workers, farmers and consumers to reap the benefits of these deals as soon as possible.” Commissioner for Trade Cecilia Malmström said: “These win-win agreements will create major opportunities for European businesses and citizens. Both Japan and Singapore are important partners for us in defending multilateralism and ensuring strong international organisations.” Once approved by the Council, the agreements will be sent to the European Parliament, aiming for the entry into force of the trade agreements with Japan and Singapore before the end of the current mandate of the European Commission in 2019; the investment protection agreement with Singapore will follow its ratification procedure also at Member State level. For more information see the press release, recording of the press conference, memos on Japan and Singapore agreements and the dedicated webpages (Japan, Singapore) containing further material, as well as the full legal texts of the agreements.