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Japan, EU likely to approve a major trade agreement

Jul 06, 2017, 6:52 AM EDT
Japan's Prime Minister Shinzō Abe will meet E.U. leaders in Brussels.
(Source: Foreign and Commonwealth Office/flickr)

Having ironed out the differences in the E.U - Japan trade negotiations, the leaders of the two sides are expected to strike a major business deal as they meet for a one-day summit in Brussels, ahead of the G20 gathering in Hamburg.  

The development comes as Germany seeks to make free trade one of the summit priorities, writes The Guardian. Although key hurdles for the agreement have been overcome, one of the sticking points is Japan’s averseness to the E.U.’s proposed idea for settling investor disputes.

Two of the world’s biggest economies have doubled down their efforts to show commitment to global free trade agreement amid fears that the U.S. President Donald Trump might introduce protectionist barriers to international commerce, notes Reuters.