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International relations

Japan-EU trade deal offers model for cross-border data rules

Mega free trade agreement kicks in Friday

Japan will eventually eliminate all tariffs on certain cheese imports under its free trade agreement with the European Union.
Japan will eventually eliminate all tariffs on certain cheese imports under its free trade agreement with the European Union.   © Reuters

TOKYO/BRUSSELS -- The economic partnership agreement between Japan and the European Union not only forms one of the world's largest free trade blocs, but also sets digital and copyright rules that will serve as an international template.

Taking effect Friday, the EPA will ultimately eliminate EU tariffs on about 99% of imported products from Japan, and Japanese tariffs on roughly 94% of products imported from the EU. It also incorporates wide-ranging regulations on data transfer and intellectual property protection. The aim is to drive the debate on other multinational trade pacts, especially against the backdrop of rising protectionism.

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