April 4, 2017
TOKYO- Canada is boosting its efforts to attract Japanese companies in the run-up to Britain's exit from the European Union, aiming to provide them with a lucrative base for exports to the EU.
Under a bilateral agreement, tariffs are set to be removed for Canadian products sold to the EU. Canada is thus highlighting its attractions to Japanese companies operating in Britain, which are expected to face a revival of tariffs on exports to the EU after the country withdraws from Europe's single market.
In October last year, Canada and the EU signed a Comprehensive Economic and Trade Agreement, or CETA. The agreement will be implemented gradually from this spring at the earliest and tariffs will be removed eventually for 99 pct of the products traded between the two markets. (Jiji Press)
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