0

Japan and the EU enter into monumental free trade agreement #makerbusiness

With the U.S. backing out of the Trans Pacific Partnership, the China-U.S. trade war, and Brexit, it’s seemed as though protectionism was the only game in town. Yet Japan and the EU have shown there is still a lot of appetite for free trade — indeed, they’ve created the largest free trade zone in the world.

A free trade agreement between Japan and the EU entered into force on February 1, covering 635 million people and almost one-third of the world’s economy.

Dubbed the world’s largest free trade agreement, the EU-Japan Economic Partnership Agreement removes duties on almost all agricultural and industrial products and opens up the service sector and procurement. It also moves to eliminate non-tariff barriers to trade.

The numbers are staggering. The EU has lenient internal trade agreements, but adding the world’s third largest economy into the fold will have huge respective impact and will cause countless knock-on effects across the globe.

While this deal will make trade easier in a traditionally liberal sense, there are still protections and efforts to make sure that the deal isn’t focused solely on reducing barriers at any cost.

For the first time, the trade agreement includes countries’ Paris climate deal commitments.

The text also addresses sustainable development and sets standards for labor, safety, environmental and consumer protection.

By breaking down crude barriers like tariffs, while also creating unified labor and environmental regulations, Japan and the EU are investing in a holistic and farsighted approach to international trade. The U.S., China and the UK can’t seem to figure this out right now, but they may find that while they’re dithering, the rest of the world is zooming past them.


Stop breadboarding and soldering – start making immediately! Adafruit’s Circuit Playground is jam-packed with LEDs, sensors, buttons, alligator clip pads and more. Build projects with Circuit Playground in a few minutes with the drag-and-drop MakeCode programming site, learn computer science using the CS Discoveries class on code.org, jump into CircuitPython to learn Python and hardware together, TinyGO, or even use the Arduino IDE. Circuit Playground Express is the newest and best Circuit Playground board, with support for CircuitPython, MakeCode, and Arduino. It has a powerful processor, 10 NeoPixels, mini speaker, InfraRed receive and transmit, two buttons, a switch, 14 alligator clip pads, and lots of sensors: capacitive touch, IR proximity, temperature, light, motion and sound. A whole wide world of electronics and coding is waiting for you, and it fits in the palm of your hand.

Join 14,000+ makers on Adafruit’s Discord channels and be part of the community! http://adafru.it/discord

CircuitPython 2019!

Have an amazing project to share? The Electronics Show and Tell is every Wednesday at 7:30pm ET! To join, head over to YouTube and check out the show’s live chat – we’ll post the link there.

Join us every Wednesday night at 8pm ET for Ask an Engineer!

Follow Adafruit on Instagram for top secret new products, behinds the scenes and more https://www.instagram.com/adafruit/


Maker Business — Robotics manufacturer Anki is stripped for parts

Wearables — Form a flame

Electronics — Lead-free Soldering Temperature

Biohacking — Vitamin-C + Gelatin for Accelerated Recovery

Python for Microcontrollers — See you at Supercon, Python #2 language on GitHub and more! #Python #Adafruit #CircuitPython #PythonHardware @circuitpython @micropython @ThePSF @Adafruit

Adafruit IoT Monthly — Helping Harry's Heart, CircuitPython meets AWS IoT and more!

Microsoft MakeCode — Lenticular Art Display with Crickit

Get the only spam-free daily newsletter about wearables, running a "maker business", electronic tips and more! Subscribe at AdafruitDaily.com !



No Comments

No comments yet.

Sorry, the comment form is closed at this time.