The EU will launch negotiations with Japan on a bilateral trade agreement that would be the world’s largest after member states brushed aside concerns from the EU’s struggling carmakers.
The decision to open negotiations, which had been in doubt just a day earlier, was taken by unanimity at a meeting of the bloc’s trade ministers in Brussels, and held up as a sign of its commitment to free trade even in the midst of recession.
If completed, a pact would unite two economies that account for more than a third of global economic output, but which have been seeking a tonic for chronically sluggish growth.
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