Free Trade Agreement In Japan

(2) Japan`s FTA strategy – specific issues for the examination of Japan`s main trading partners are East Asia, North America and Europe, with three regions accounting for 80% of Japanese trade. Compared to free trade agreements with the countries of North America and Europe, all of which are industrialized countries, free trade agreements with East Asia will bring the greatest added value through further liberalization. As shown by the simple averages of tariffs (United States, 3.6%; European Union, 4.1%; China, 10%; Malaysia, 14.5%; Republic of Korea, 16.1 per cent; Philippines, 25.6%; and Indonesia (37.5%), East Asia, the region with the largest share of Japanese goods in trade, has the highest tariffs. .