Popular:

Japan launches measures to strengthen its primary sector before the agreement with the EU

The Japanese government today presented a series of measures to strengthen its agricultural and livestock sector, so that it can compete at the international level when the agreement is implemented. free trade between Japan and the European Union (EU).

Tokyo, Nov 24 (EFE) .- The Japanese government today presented a series of measures to strengthen its agricultural and livestock sector, so that it can compete internationally when it implement the free trade agreement between Japan and the European Union (EU).

The Administration led by the conservative Shinzo Abe will allocate some 300,000 million yen (2,270 million euros / 2,689 million dollars) of the supplementary budget for the fiscal year 2017 for the cheese, pork and wood industries, sources of the Government.

These measures seek to prepare the country's farms for strong international competition when the free trade agreement with the EU, which was reached in the past, is implemented. July.

The news also comes after the ten countries participating in the Trans-Pacific Partnership Agreement (TPP) agreed this month to implement an economic pact in the Pacific coast, even after the United States announced its withdrawal.

"The TPP and the economic partnership agreement between Japan and the EU are the trump cards for the Japan's growth strategy, "Abe said today in statements collected by the Japanese agency Kyodo.

The measures, which include greater subsidies for livestock, seek to reduce the production costs of milk and other dairy products, and improve the efficiency of other industries, such as timber.

Once it enters into force, the Japan-EU treaty will liberalize the 91% of imports from the European Union to Japan and up to 99% when applied in its entirety.

The objective is that the final text be ready before the end of the year, from way that it can begin its ratification and enter into force in early 2019.

For its part, the TPP is an ambitious free trade agreement that sought to cover 40% of global GDP and It was originally signed in February 2016 by Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and the United States.

The agreement, which was negotiated for more than six years, it had to be ratified in a period of two by at least six member countries whose combined GDP represented 85% of the total, so after the departure from the US - that if only it brings together 60% of the GDP of the 12 signatory states-, this was invalidated in its current format.

Comments 0

?
No comments for this article yet!
EUR/USD

EURUSD=X

1.1747 -0,00 -0,24%
USD/CHF

CHF=X

0.9581 -0,00 -0,09%
GBP/USD

GBPUSD=X

1.3067 -0,02 -1,54%
USD/JPY

JPY=X

112.5670 +0,09 +0,08%
USD/CNH

CNH=X

6.8451 +0,01 +0,15%
USD/CAD

CAD=X

1.2912 +0,00 +0,06%
IBEX 35

^IBEX

9590.40 +6,70 +0,07%
IBEX MEDIUM..

INDC.MC

15377.30 -38,40 -0,25%
IBEX SMALL ..

INDS.MC

7490.80 +5,90 +0,08%
IBEX TOP DI..

INDD.MC

3047.90 +1,80 +0,06%
FTSE LATIBE..

INDB.MC

1249.20 +9,20 +0,74%
FTSE LATIBE..

INDL.MC

8444.10 +226,10 +2,75%
Abertis Inf..

ABE.MC

18.36 +0,00 +0,00%
Actividades..

ACS.MC

37.83 +1,03 +2,80%
Acerinox, S..

ACX.MC

12.24 -0,03 -0,24%
AENA, S.A.

AENA.MC

150.45 +4,75 +3,26%
Amadeus IT ..

AMS.MC

78.26 +0,46 +0,59%
Acciona, S...

ANA.MC

75.86 -0,12 -0,16%
Financial S..

XLF

28.74 -0,11 -0,39%
VanEck Vect..

GDX

18.78 -0,15 -0,79%
SPDR S&P 50..

SPY

291.99 -0,22 -0,07%
Vanguard FT..

VWO

41.80 +0,17 +0,41%
Direxion Da..

TZA

8.24 +0,12 +1,48%
Utilities S..

XLU

53.06 +0,22 +0,43%
Cookies help us to offer our services.
Reset Password