The Effects of EU–Japan Economic Partnership Agreement for Poland’s Economy

Chilimoniuk-Przeździecka, Eliza; Górska, Rumiana; Kuźnar, Andżelika; Menkes, Jerzy

doi:10.52335/dvqp.te142

Cited by 2 publications

(2 citation statements)

References 11 publications

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“…From the Polish perspective, trade liberalization within the EPA is beneficial in several respects as highlighted by Przeździecka et al [2019]. They examine the influence of bilateral elimination of custom duties on GDP, production, foreign trade, and social prosperity of Poland compared to other countries and regions.…”

Section: Impact Of the Eu-japan Epa On Polish Economymentioning

confidence: 99%

Abenomics and the EU–Japan economic partnership agreement: consequences for the EU and Polish economies

Grabowiecki

2023

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Purpose – This paper focuses on Abenomics by showing the measures undertaken by Japan’s administration and by exploring to what extent new trade policy contributes to stimulating FTAs/EPAs. The goal of this paper is to evaluate the potential EU–Japan EPA effects from the perspective of the EU and Poland’s economies. Research background – In early 2013, Shinzō Abe announced a plan of economic reforms known as Abenomics, within which trade policy would be focused on regional FTAs/EPAs and strategic partnerships (SPAs) that then became a government priority. The Abe administration presented a “proactive contribution to peace”, which has had a crucial influence on Japan’s new trade policy and its engagement in economic regionalism. After six years of negotiations, the EU–Japan EPA and the Strategic Partnership Agreement (SPA) were signed on July 17, 2018. These agreements confirm that economic relations have entered a new, higher phase of development and open new prospects for deeper cooperation. Methods – Text analysis of governmental documents, institutional reports, companies’ websites, and articles in the specialized press. Originality / value / implications / recommendations – This assessment of the potential impact of the EU–Japan EPA reveals that the agreement will contribute to the mutual GDP growth and will promote trade in goods and services by eliminating tariffs and reducing non-tariff barriers between the parties. Furthermore, the EU–Japan EPA is important for the Polish economy. Liberalization of imports from Japan, which mainly include modern technologies as well as machinery and equipment for various sectors of the economy, will significantly contribute to accelerating the economic development of Poland. In turn, the liberalization of exports will be an opportunity to increase food exports from Poland.

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Section: Impact Of the Eu-japan Epa On Polish Economymentioning

confidence: 99%

Abenomics and the EU–Japan economic partnership agreement: consequences for the EU and Polish economies

Grabowiecki

2023

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“…An exception is research conducted by the Ifo Institute (Felbermayr et al, 2017), which covers also the impact of EPAs on individual Member States of the EU. In this context, one has also to mention research regarding the effects of the Agreement with Japan on selected countries (Przeździecka et al, 2019) or sectors of economy (Ambroziak, 2017;Drelich-Skulska & Bobowski, 2019;Mazur, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

New-generation trade agreement with Japan: Significance to EU Companies

Czermińska

2022

IER

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The New-generation trade agreements, which include the agreement with Japan, provide wide coverage -not only the liberalisation of trade in goods or services but also the protection of intellectual property rights, the public procurement market, sustainable development and others. This paper aims to demonstrate key provisions and (both ex post and ex ante) opportunities that the agreement creates for EU companies. Research Design & Methods:The research methods include a critical review of existing literature, an analysis of relevant legal and official documents of the European Union, as well as the provisions of the EU-Japan trade agreement. The empirical research focused on Eurostat data. Findings: The provisions of the EU-Japan agreement provide an incentive for European companies to strengthen their position on the Japanese market. The elimination of import duties and other barriers to trade in Japan in relation to certain agricultural products on the entry into force of the agreement contributed to higher exports from the EU for these groups of goods. What might be expected is the additional effect of the liberalisation of bilateral trade on third countries. In fact, standards or rules agreed by Japan and the EU may become even more attractive to third countries, as their adoption would facilitate access to two large markets. Implications & Recommendations: Japan is a relatively important trading partner for the EU and vice versa. One of the biggest achievements of the agreement made between the European Union and Japan includes the wide and deep liberalisation of trade in goods. Despite the fact that the overall level of tariff protection is relatively low, there are still some groups of goods for which the protection in the form of customs duties constitutes an important barrier, as a result of which the conditions for competing on the partner's market deteriorate. It seems that EU entrepreneurs should make more use of the opportunities which are created by the provisions of the free trade agreement with Japan. So far, the trade crisis caused by the pandemic has stood in the way. Contribution & Value Added: Research conducted so far is of an ex ante nature, both regarding the provisions of the agreement (publications written before 2018) and the evaluation of its potential effects on economy, trade, production or selected sectors. The research carried out in this article is of an ex post nature; it covers the period following the entry into force of the agreement and does not present any growth scenarios or forecasts, as was the case in the existing research. The article attempted to juxtapose the provisions of the agreement with Japan with trade conditions applicable to EU companies, as well as with the growth rate, volume and coverage of bilateral trade in goods. Article type:research article

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The Effects of EU–Japan Economic Partnership Agreement for Poland’s Economy

Cited by 2 publications

References 11 publications

Abenomics and the EU–Japan economic partnership agreement: consequences for the EU and Polish economies

Abenomics and the EU–Japan economic partnership agreement: consequences for the EU and Polish economies

New-generation trade agreement with Japan: Significance to EU Companies

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