Welcome Conclusion of EU-Japan Trade Negotiations

Chambers Ireland today (6 July 2017) welcomes the news of an agreement between the EU and Japan for a new trade accord, negotiations for which first began in 2013.

Speaking this morning, Chambers Ireland Chief Executive Ian Talbot said, “2017 marks 60 years of diplomatic relations between Ireland and Japan. The conclusion of these trade talks marks the beginning of a new era in our economic relationship. To date Ireland and Japan have both enjoyed the benefit of an open trading relationship and we see the EU-Japan trade agreement presenting numerous opportunities, particularly for businesses active in the agri-food, ICT and life sciences sectors.”

“While Brexit may be dominating the headlines in Ireland and the UK, the EU is continuing to actively pursue an ambitious trade agenda. Japan is the fourth largest economy in the world and with a population of more than 125 million people; its market holds enormous opportunities for EU firms. Chambers Ireland has long called for and supported the EU’s trade strategy. We need more trade, not less, especially in the wake of the UK’s exit from the EU and the likely challenges that will bring. Building on existing vibrant trade links with Japan must be part of how Ireland prepares for Brexit.”

“We call on Government to adequately resource support for businesses in accessing new markets and availing of the benefits of new EU trade agreements, such as that with Japan and with Canada, which should take effect later this year. We also call on Government, as part of Budget 2018 to introduce trade finances supports for SMEs seeking to access new markets.”

-Ends-

For further information contact Susan McDermott, Chambers Ireland on 01 400 4331, 086 6081605 or email susan.mcdermott@www.chambers.ie.