EU, Japan Sign Massive Free Trade Deal
The European Union has just signed a massive trade deal with Japan:
EU, Japan Sign Massive Free Trade Deal
July 17, 2018
TOKYO — The European Union and Japan on Tuesday signed a “landmark” free trade deal that comes as Washington imposes new tariffs and threatens a trade war with China.
The deal signed in Tokyo by the EU’s top officials and Japan’s Prime Minister Shinzo Abe is the biggest ever negotiated by the EU and creates a free trade zone covering nearly a third of the world’s GDP.
EU Council President Donald Tusk and Commission head Jean-Claude Juncker land in Japan after talks in Beijing, where they urged global trade cooperation and warned against trade wars. …
The “landmark” EU-Japan deal creates a massive economic zone and stands in stark contrast to President Donald Trump’s “America First” protectionism.
The deal, agreed last December, is “the biggest ever negotiated by the European Union,” according to Commission spokesman Margaritis Schinas.
“This agreement will create an open trade zone covering nearly a third of the world’s GDP,” he said.
The EU — the world’s biggest single market with 28 countries and 500 million people — is trying to boost alliances in the face of Trump’s protectionist administration.
The EU-Japan deal will send a “strong signal to the world” against US protectionism, EU Trade Commissioner Cecilia Malmstrom said recently.
Trump’s administration has angered traditional allies like the EU and Japan by imposing trade tariffs, while rattling international markets by threatening a trade war with China.
On Sunday, the US president fueled rising rancor by labelling the EU, along with Russia and China, “a foe” of the United States, and repeating his assertion that the EU has “really taken advantage of us on trade.”
The EU officials and Japan will also look to present a united front against US tariffs on steel and aluminum, which Tokyo has called “deplorable.” https://www.voanews.com/a/japan-trade-eu-diplomacy/4485818.html
17 July 2018
The European Union (EU) and Japan have signed a trade deal that promises to eliminate 99 percent of tariffs that cost businesses in the EU and Japan nearly €1 billion ($1.17 billion) annually.
Japanese Prime Minister Shinzo Abe said the deal “shows the world the unshaken political will of Japan and the EU to lead the world as the champions of free trade at a time when protectionism has spread.” …
Abe met with European Commission President Jean-Claude Juncker and European Council President Donald Tusk in Tokyo on Tuesday to sign the EPA at the 25th EU-Japan Summit. …
After signing the deal, Tusk said: “We are sending a clear message that we stand together against protectionism.”
“Together we are making, by signing this agreement, a statement about free and fair trade, we are showing that we are stronger and better off when we work together,” added Juncker. …
“The EU and Japan share a common vision for an open and rules-based world economy that guarantees the highest standards. We are sending a message to other countries about the importance of free and fair trade, and of shaping globalization,” EU Trade Commissioner Cecilia Malmström said …
“The free trade agreement will infuse a new dynamic for business relations on both sides,” said Marcus Schürmann, director of the German Chamber of Commerce in Japan (AHK Japan). …
The EU and Japan also see the signing of the deal as a signal against US President Donald Trump’s protectionist trade policies. https://www.dw.com/en/eu-japan-free-trade-agreement-defies-protectionism/a-44695274
So, the EU has just concluded a major trade deal with Japan.
The EU is working to make trade deals with many nations around the world.
By doing so, the EU is also getting more of the world to accept its standards.
This deal with Japan, like some other deals in progress, is sending a signal that the EU does not want the USA to get in the way of its growth and trade plans.
This deal is expected to improve trade and increase wealth for both Europe and Japan.
The Bible shows that Europe (end time Babylon) will rise up (Revelation 13:1-10) and dominate trade:
2 … Babylon … 3 For all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury. (Revelation 18:2,3)
We are seeing the EU taking steps to dominate international trade. The deal with Japan is another step in that direction.
As far as Europe, Japan, and trade go, consider something published over three decades ago by the old Worldwide Church of God (WCG):
Access to the U.S. market is central to the economies of Japan and the other nations of the Pacific Basin, writes National Review executive editor John McLaughlin, “and hence perhaps to their stability.” If protectionism takes hold, what would happen to Japan and to Western Europe, whose economic heart is in Germany? Protectionism, leading to a full-blown trade war, would likely break the extensive joint defense relationships between the U.S. and its primary World War II foes, now allies for the past 40 years.
Americans should then prepare to witness the emergence of a nuclear — armed Japan as well as a nuclear — armed united Europe with Germany at its core. It’s doubtful whether the American public and its elected representatives have thought out the likely end results of actions now under way. (Hogberg G. Prepare for Trade War! Plain Truth, January 1986)
Well, at least partially because of policies by US President Donald Trump, Europe and Japan are concerned that they will have less access to the U.S. market. So, they are looking to trade more together. Furthermore, since the old WCG article came out, we have seen the emergence of the European Union with Germany as its economic core.
Back in 2007, I wrote the following (which is still in my article Japan, Its Biblical Past and Future, Part 2: Prophecy):
Japan is a wealthy country. Although it has had some economic stagnation, the Bible shows that after the re-emerging European empire finally forms, that this European empire will increase the prosperity to many nations (though it will destroy the USA and its English-speaking allies at the beginning of the tribulation).
Japan is likely to be one of the nations that will benefit from this European-driven prosperity.
We are now seeing Japan looking towards Europe for more trade.
The world order is starting to change and the change will not end well for the USA (Daniel 11:39) nor its Anglo-Saxon descended allies (Daniel 8:24-25; Isaiah 17:3-4).
The end of the Anglo-American order and dominance of world trade is getting closer.
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