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The major issues centered on the effect of the coming West European economic unification on Japan's trade, investment, and other opportunities in Western Europe. [174] Some West European leaders were anxious to restrict Japanese access to the newly integrated European Union, but others appeared open to Japanese trade and investment. [174]
Japan and the EU are members of the European Union–Japan Economic Partnership Agreement (EPA), the world's largest open economic area, [3] covering a third of the world's economy since February 1, 2019. [4] Japan is the EU's 6th largest export market (3.3% in 2018 with a value of €64.75 billion).
At America's union peak in the 1950s, union membership was lower in the United States than in most comparable countries. By 1989, that figure had dropped to about 16%, the lowest percentage of any developed democracy, except France. Union membership for other developed democracies, in 1986/87 were: [3] 95% in Sweden and Denmark. 85% in Finland
A potential superpower is a sovereign state or other polity that is speculated to be or have the potential to become a superpower; a sovereign state or supranational union that holds a dominant position characterized by the ability to exert influence and project power on a global scale through economic, military, technological, political, or cultural means.
Arraiolos Group is an informal meeting of presidents of parliamentary and semi-presidential European Union member states. ASEAN: the Association of Southeast Asian Nations, a regional organisation comprising ten Southeast Asian states; ASEAN+3: the ASEAN countries, plus China, Japan, and the Republic of Korea (South Korea). [4]
By virtue of the Treaty of Peace with Japan signed in San Francisco on September 8, 1951 (effective April 28, 1952), ending the state of war between Japan and most of the Allied powers except the Soviet Union and the People's Republic of China, and the Mutual Security Assistance Pact between Japan and the United States, signed in San Francisco ...
China's most 2018 policy paper on European Union relations (its most current such policy paper as of at least 2023) states China's view that the EU should uphold the One China Principle, explicitly oppose Taiwan independence in any form, and limit EU-Taiwan exchanges to non-official and people-to-people contacts.
In 1980 Western Europe supplied only 7.4 percent of Japan's imports and took 16.6 percent of its exports. However, the relationship began to change very rapidly after 1985. West European exports to Japan increased two and one-half times in just the three years from 1985 to 1988 and rose as a share of all Japanese imports to 16 percent.