EU to launch free trade negotiations with Japan-EU official

BRUSSELS, Nov 29 (Reuters) - EU trade ministers agreed on

Thursday to start negotiations to create a free-trade area with

Japan, overcoming resistance from European carmakers who fear a

deal might damage their industry.

"We have a deal," said an EU official close to the

negotiations.

An accord between Europe and Japan would bring together two

trading partners responsible for a third of global economic

output and could create 400,000 jobs in Europe alone. France and

Italy have been worried about the impact on their carmakers.

Like us on facebook

Most Popular in Business