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The new Japan-EU trade agreement exposes UK and US weakness

The biggest ever deal of its kind, “JEEPA” reveals the hollowness of Brexiteer claims that leaving the EU will give us a trade boost. And businesses across the Atlantic will be looking on with concern, too

By George Magnus  

European Council President Donald Tusk (C), European Commission President Jean-Claude Juncker (R) and Japanese Prime Minister Shinzo Abe at a joint press conference on 6th July. Photo: Gong Bing/Xinhua News Agency/PA Images

The announcement of “JEEPA,” or the Japan-EU Economic Partnership Association, just before the Hamburg G20 meeting, was a masterpiece in timing, a great piece of political symbolism, and a demonstration that the economic advantages of big free trade, liberal, rules-based agreements are still worth striving for. For the United States, which withdrew from the Trans-Pacific Partnership…

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