Japan and the EU are set to sign a sweeping free trade deal next week after talks in Tokyo made significant progress on the sensitive areas of cheese and car parts.
Although the negotiations broke up around 9pm on Saturday in Tokyo without a formal deal, officials signalled that their political leaders would be able to reach an agreement at a summit on July 6.
A deal would be an emphatic rejection of US President Donald Trump’s protectionism on the eve of next week’s G20 summit in Hamburg. It would send a message that the liberal world order is still in business and that those who reject it risk losing out on trade opportunities.
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