Ja­pan-EU trade deal an­nounced

Free trad­ing cuts 99% of tar­iffs on Ja­panese goods IN­CLUD­ING mo­tor­cy­cles!

Motorcycle Monthly - - News -

It’s the world’s largest bi­lat­eral free trade deal which has been an­nounced by both the EU and Ja­pan and it could see the cost of Ja­panese mo­tor­cy­cles drop by as much as 8%. Shinzo Abe, Ja­pan’s prime min­is­ter and EU lead­ers Jean-Claude Juncker and Don­ald Tusk have put the agree­ment to­gether in re­sponse to Don­ald Trump’s an­nounce­ment of sup­posed sol­i­dar­ity with Vladimir Putin a week be­fore the Ja­pan/EU deal was an­nounced.

In essence it means that once the deal has been rat­i­fied by both sides through their le­gal process, the Ja­pan/EU trade deal will see 99% of tar­iffs on Ja­panese goods wiped out. It could take eight years for this to be­come a re­al­ity as far as cars (and mo­tor­cy­cles) go though, due to fi­nan­cial mar­kets set­tling to ab­sorb costs. Will we in the UK see the ben­e­fits of this, once Brexit has been fi­nally wedged through the con­sti­tu­tional process? Pos­si­bly, if this can be added into the no deal/some deal machi­na­tions.

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