The Japanese government estimated that the EPA trade deal will add 45 billion U.S. dollars to Japan's economy every year and will create 292,000 jobs.
To win the hearts of the Eastern European countries, Abe has promised big, from the strategic partnerships with Romania and three Baltic countries to more investment to the region.
In Bulgaria, the current presidency of the European Council, Abe agreed with Prime Minister Boyko Borissov to work together to speed up the implementation of the Economic Partnership Agreement.
In Romania, the presidency of the European Council in the first half of 2019, the final and most sensible moment for the implementation of EPA trading bloc, Abe discussed the EPA developments with the Romanian president and managed to win his full support. The Japanese prime minister said that central axes of its visit in Romania was boosting trade and investments, and especially mentioned that Japan had lifted the visas for Romanian citizens.
Accompanied Abe was also a delegation of 30 Japanese business leaders, who have separate agenda of identifying investment and trade opportunities.
But the only concrete deal announced so far was an agreement to build a desulphurization unit for the Nikola Tesla power plant in Serbia.
The outcome is not so unexpected considering Japan's current economic bonds with these European countries.
Among them, Romania is a relatively strong trade partner of Japan in the region, with bilateral trade reaching 680 million euros in 2017, exporting mainly wood furniture, clothes, and importing cars and electrical equipment. But Japan is only the 25th foreign investor in Romania with some 180 million euros (216 million U.S. dollars) invested mainly in automobile-related industries.
【国际英语资讯:Japans Abe seeks support for EPA trade deal with EU via bustling Eastern Europe visit】相关文章:
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