Japanese trade with Baltics countries, Estonia, Latvia and Lithuania, is modest, while the economic ties with Bulgaria and Serbia are even weak.

But, it became apparent that Japan has started to seek some changes.

The EU-Japan EPA is one of the largest and most comprehensive economic agreements that either the EU or Japan has concluded so far.

It will remove the vast majority of the 1 billion euros of duties paid annually by EU companies exporting to Japan, as well as a number of long-standing regulatory barriers.

It will also open up the Japanese market of 127 million consumers to key EU agricultural exports and will increase EU export opportunities in a range of other sectors.

But the agreement needs the approval of the European Parliament and EU member states and expected to enter into force before the end of the current mandate of the European Commission in 2019.

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