Latest Issue

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 free…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect