Tánaiste welcomes agreement on landmark new trade deal with Japan
Tánaiste and Minister for Enterprise and Innovation Frances Fitzgerald and Minister for Trade Pat Breen have welcomed the milestone in achieving progress on the EU new trade deal with Japan which will bring great benefits to Ireland.
The Tánaiste welcoming the landmark deal said: “Together with the EU- Canada Comprehensive Economic and Trade Agreement, today sends a powerful signal that international cooperation is the way to tackle global challenges and an important stand against protectionism.
“Later this year, I look forward to leading a Trade and Investment Mission to Japan which will intensify Ireland’s efforts in further developing the economic and trade links between Ireland and Japan, at this time of enhanced economic partnership. This mission will reinforce the potential for Irish companies in the Japanese market and provide a platform for accelerated export growth and investment opportunities.”
Minister Pat Breen with responsibility for Trade added: “I am very pleased that political agreement has been achieved on the landmark free trade agreement negotiations with Japan.
“Japan is the third largest economy in the world and this important trade agreement will open up exciting opportunities for Irish exporters and companies across a wide range of sectors, helping them to tap into Japan’s large market. Agri-food, which is Ireland’s largest indigenous industry, will see particular benefits from the agreement, with new access for dairy products in particular beef and chedder cheese industries”.
“The progress achieved will also ensure tariff elimination on medical devices and pharmaceutical products which is very good news for Irish industry.”
This announcement by the EU and Japan of the world’s largest trade deal underlines Europe’s leadership in setting global trade rules.