“EU Strikes Data Agreement with Japan with the UK” The agreement will create the world`s largest open trade area, 17 July 2018 In order to raise awareness of the possibilities of the agreement and help EU SMEs use them, the EU-Japan Centre has set up an EPO assistance service to help and help EU SMEs find relevant information. The EPO Helpdesk responds to requests to the EPO, organizes webinars and publishes fact sheets with a fact sheet and/or a practical guide on a particular topic or sector. Doing business and investing in Japan can be difficult for European companies and there have been some trade disputes between the two parties. However, the slowdown in the Japanese economy has encouraged them to become more open to business and investment in the EU.  In the work of reducing trade barriers, the emphasis is on opening up investment flows.  Der, A, Lechner L (2015) Trade interests and the Transatlantic Trade and Investment Partnership. In: Morin, JF, Novotné, T and Ponjaert, F (Eds) The policy of transatlantic trade negotiations: TTIP in a globalized world. Farnham: Ashgate, p. 69-79 An agreement has been very important on the international stage, both for the EU and for Japan, and to a large extent around the rate of profit in which the EU wants to show its leadership role in setting global standards, especially at a time when the level of protection is increasing. The EU wants others to understand that free trade, cooperation and integration are still possible. Similarly, Japan wants to fill the void created by the suspension of the TTP talks by the United States by concluding a free trade agreement with a major economy and a major player, the EU. Felbermayr G, Kimura F, Okubo T, Steininger M, Yalcin E (2017) On the economic viability of a free trade agreement between the EU and Japan (No. 86).
ifo Research Report Marks S, Burchard H, Livingstone E (2017) Big in Japan: How the EU withdrew its biggest trade deal. Politico, July 7. As a joint agreement, the EU PPI will require ratification by the European Parliament as well as by the national and regional parliaments of EU member states. You can also visit the website of the Helpdesk European Commission – DG Commerce, which gives an overview of the specific provisions of the agreement. As others have already pointed out, this data agreement is not perfect, as recognition can be revoked unilaterally at any time. The ideal solution would have been to incorporate the data agreement into the Economic Partnership Agreement. Nevertheless, this is an important step forward, unlike other free trade agreements signed around the world in recent years. In the 21st century, data has become one of the most important raw materials and no discussion of free trade is truly complete without mentioning the free and secure flow of data between nations. The EU-Japan agreement is a model that can be replicated or improved by future agreements.
This trifecta of agreements significantly improves relations between the EU and Japan and has global implications. While geography has divided them, common values and principles have brought the EU and Japan closer together and defended these values together. Recently, foreign direct investment (FDI) flows have shifted from an EU FDI flow to a Japan-centric flow.  In 2006, the EU invested 16.2 billion euros and Japan did not invest 1.6 billion euros. At the end of 2009, 5.0% of the EU`s DL stock came from Japan and 2.3% from the EU ANT stock in Japan.  The EU has attracted the bulk of Japanese investment: 78 billion euros of investment stocks.  For more details, see the table below: International Investment Agreements (IAs) are divided into two types: (1) bilateral investment agreements and (2) investment contracts. A bilateral investment agreement (ILO) is an agreement between two countries to promote and protect investments made by investors from the countries concerned in the territory of the other country.