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Wednesday, 6th October 2010
In Business In Japan,

Japan wants EU free trade deal

Japan is looking to develop a free trade deal with the European Union in order to boost mutual trade levels.

According to a Japanese official, it is hoped that talks about the deal could be confirmed at the two-day Asia-Europe Meeting – a summit that brings together 46 nations to discuss a number of issues on a range of topics.

"Japan wants a deal as soon as possible," explained Japanese press secretary Satoru Sato, reports AFP.

However, he added European nations are still consulting industry about concerns surrounding the possible agreement.

Media reports that Japan will be hoping that trade negotiations could begin at the next planned summit with the EU in April or May 2011.

Last week, an EU-South Korea summit confirmed plans to sign a free trade pact between the two parties and Japan's government believes it should also be given access to the European market in order to ensure fair global trading.

The Asia Europe Meeting is held every two years and this year is being hosted by Belgium.

Written by Mark Smith.

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