Abe, Juncker Reaffirm Early Effectuation of Japan-EU EPA
Brussels, Oct. 18 (Jiji Press)--Japanese Prime Minister Shinzo Abe and European Commission President Jean-Claude Juncker agreed Thursday to accelerate efforts for putting an economic partnership agreement between Japan and the European Union into effect at an early date.
Meeting at the EU headquarters in Brussels, they affirmed that Japan and the EU will aim to complete by year-end their respective procedures needed for the effectuation of the EPA, which was signed in July.
The two leaders also confirmed that Japan and the EU will cooperate in implementing reforms of the World Trade Organization, including the strengthening of the Geneva-based trade watchdog's supervisory function.
Juncker explained that EU leaders failed to conclude negotiations related to Britain's planned exit from the EU, or Brexit, at their two-day meeting through Thursday.
Expressing concerns about the course of the Brexit talks, Abe underscored that it is indispensable to secure legal stability over Brexit by setting a transition period in order to minimize negative effects on Japanese companies operating in Britain.
[Copyright The Jiji Press, Ltd.]