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© KYODOJapan-EU free trade pact to come into force on Feb 1
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© KYODO
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Aly Rustom
Same! Oh and the most important one for me: cheeper BEEF. Beef in Japan is ridiculously expensive.
Tadow Pladow
Unfortunately, in typical Japanese style, the tariff on beef will be cut from 38.5% to 9% over a whopping 15 years. Some cheeses will have no tariffs, but others will be limited to quotas. At the end of the day, I fear this agreement will make the several layers middlemen much richer, while leaving consumers paying probably about the same as we're paying now.
Matt Hartwell
Certainly a useful side development.
Hopefully we will see the next U.S Pres be far more proactive in an overall, multilateral trade agreement with allies while maintaining a bilateral approach to non-allies. That is the best approach I feel.