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Economic Diplomacy (PDF) Section 3 Economic Diplomacy Chapter 3 on the conclusion of a comprehensive, balanced, 1‌ Overview of Economic Diplomacy and high-quality agreement on RCEP and other The global economy continues to be robust agreements. and the overall resilience of emerging markets has Japan has advanced initiatives with the aim of been strengthened, but on the other hand, major further accelerating the promotion of economic risks, such as financial weakness and geopolitical diplomacy as one of the priority areas of Japan’s concerns, are partially manifested in some diplomacy, centered around the following three emerging economies. Under such circumstances, aspects: (1) rule-making to bolster free and in order to dispel market unrest and develop a open global economic systems by promoting the free and fair economic order, it is necessary to various economic agreements as described above; continue monitoring market trends and support (2) supporting the overseas business expansion of strong, sustainable, balanced, and inclusive Japanese companies through promotion of public- growth. Japan will contribute to this as a member private partnerships; and (3) promoting resources of the G7 and the G20, and as the world’s second diplomacy along with inward investment toward largest developed economy. Japan. Japan’s prosperity is based on maintaining and strengthening the free and open international Rule-Making to Bolster Free and economic system, which also leads to the stability 2‌ Open Global Economic Systems and growth of the global economy. With this in mind, Japan has promoted the Japan-EU Economic (1) Promotion of Economic Partnerships Partnership Agreement (EPA), the Trans-Pacific Partnership Agreement (TPP12), and the Regional Economic Partnership Agreements (EPAs) and Comprehensive Economic Partnership (RCEP). Free Trade Agreements (FTAs) help capture As a result, the Comprehensive and Progressive the vitality of the growing market overseas and Agreement for Trans-Pacific Partnership (TPP11) strengthen the basis of the Japanese economy, entered into force on December 30, and the through measures such as the reduction or Japan-EU EPA also entered into force on elimination of tariffs on goods as well as barriers February 1, 2019. We can say that 2018 is a year on trade in services, and through rule-making for in which Japan’s efforts thus far have gradually trade and investment. The Government of Japan come to fruition. We will steadily implement has signed and brought into force 18 EPAs with 21 these agreements and proceed with negotiations economies to date. The FTA ratio in Japan’s trade DIPLOMATIC BLUEBOOK 2019 259 Section 3 Economic Diplomacy ■ Current Status of EPA/FTA Negotiations, etc. 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 The agree- Start of continuous March and October: Apr: Joint committee March and October: April and October: Jun: Joint committee Jan: Joint committee ASEAN-Japan ment on negotiations on services negotiations and investment chapters Joint committee meeting Joint committee Joint committee meeting meeting Comprehensive on trade in meetings Oct: Joint committee meeting meeting Sep: Investment Dec: Joint committee Economic goods was reached. meeting negotiations brought meeting Partnership to a close (AJCEP) Entry Negotiations into brought to a Negotiations force Negotiations (services and investment) close Mar: Start of joint Mar: Completion of joint study Apr: 2nd round of Mar: 5th round of study Mar: Japan-Canada summit negotiations negotiations 2005 Start of (agreed to start negotiations) Jul: 3rd round of Jul: 6th round of Canada negotiations Jul: Preparatory meeting for negotiations negotiations th th negotiations Nov: 4 round of Nov: 7 round of Nov: 1st round of negotiations negotiations negotiations Inter-governmental joint study Preparatory meeting Negotiation Nov: Start of joint Jul: Completion of May: 2nd round of Feb: 4th round of negotiations Mar: 10th round of Chapter 3 study joint study negotiations May: 5th round of negotiations negotiations Sep: Japan-Colombia Oct - Nov: Jul: 6th round of negotiations May: 11th round of summit 3rd round of Sep: 7th round of negotiations negotiations Colombia (agreed to start negotiations Oct : 8th round of negotiations Jul: 12th round of negotiations) Dec : 9th round of negotiations negotiations Dec : 1st round of Aug: 13th round of negotiations negotiations Joint Study Negotiations May: Dec : Completion [Reference: Agreement in Feb: Preparatory Mar: 4th round of Jan: 6th round of negotiations Jan: 9th round of Jan: 11th round of Mar: 13th round of (Chief-delegates meeting) Start of of joint study principle on Japan-China-ROK meeting for negotiations th negotiations negotiations negotiations joint Investment Treaty in March] negotiations Sep: 5th round of Apr: 7 round of negotiations (Chief-delegates (Chief delegates Dec: 14th round of (Director-General/Deputy study May: Japan-China-ROK Mar: 1st round of negotiations meeting) and Director- negotiations th Director-General level meeting) th summit negotiations Dec: 6 round of May: 7th round of negotiations Apr: 10 round of General/Deputy (agreed to start nd negotiations China, Jul-Aug: 2 round of negotiations (Chief-delegates meeting) Director-General negotiations by the end Jul: 8rd round of negotiations (Director-General/ Japan, negotiations (Director-General/ level meeting) of the year) rd (Director-General/Deputy Deputy Director-Gen- th and ROK Nov: 3 round of Deputy Apr: 12 round of Nov: Japan-China-ROK negotiations Director-General Director-General level meeting) eral level meeting) negotiations Economic and Trade Sep: 8th round of negotiations Jun: 10th round of level meeting) (Chief-delegates meeting) Ministers’ meeting Dec: 9th round of negotiations negotiations (declared to start (Director-General/Deputy (Chief-delegates negotiations) Director-General level meeting) meeting) Joint study Preparatory work for negotiations Negotiations Apr : Start of May: Start of Jul: Completion of scoping Mar: Japan-EU summit Jan: 4th round of negotiations Feb: 9th round of negotiations Feb: 15th round of Apr: 18th round of negotiations Ongoing work toward early entry joint process for work to decide on the telephone talk (decided Mar - Apr: 5th round of Apr: 10th round of negotiations negotiations Jul: Japan-EU Summit into force examination negotiations outline of the negotiations to start negotiations) negotiations Jul: 11th round of negotiations Apr: 16th round of (agreement in principle) July 17: Signing (in Japan) st th th December 21: Mutual notification/ Nov: Adoption of the European Apr: 1 round of negotiations Jul: 6 round of negotiations Sep: 12 round of negotiations negotiations Dec: Japan-EU Summit EU nd th th th Conclusion of agreement commission’s negotiations Jun: 2 round of negotiations Oct: 7 round of negotiations Oct: 13 round of negotiations Sep: 17 round of telephone talk (Conclusion February 1, 2019: Entry into force mandate by the Foreign Oct: 3rd round of negotiations Dec: 8th round of negotiations Dec: 14th round of negotiations negotiations of agreement) Conclusion Signing of Conclusion of Affairs Council of Joint study Process toward negotiations Negotiations agreement Japan-EU EPA Japan-EU EPA Regional Sep: Start of Nov: ASEAN-related Nov: ASEAN-related Feb: Preparatory Jan: 3rd round of Feb: 7th round of negotiations Feb: 11th round of negotiations Feb: 17th round of negotiations Feb: 21st round of negotiations Comprehensive discussions th th th Mar: 4th inter-sessional ministerial meeting summit meeting summit meeting for negotiations Jun: 8 round of negotiations Apr: 12 round of negotiations May: 18 round of negotiations nd Economic on CEPEA* th st th rd Apr: 22 round of negotiations (adopted RCEP meeting negotiations Mar - Apr: 4 round of Jul: 1 inter-sessional Jun: 13 round of negotiations and 3 inter-sessional th Partnership and st th Jul: 5 inter-sessional ministerial meeting framework (declared to May: 1 round of negotiations ministerial meeting Aug: 4 ministerial meeting ministerial meeting rd (RCEP*) EAFTA* th th th th Jul: 23 round of negotiations based on the start negotiations Jun: 5 round of Aug: 9 round of negotiations and 14 round of Jul: 19 round of negotiations Aug: 6th ministerial meeting *Current members of RECP: 10 ASEAN and 6 st rd th proposals of negotiations) Aug: 1 ministerial negotiations and 3 ministerial negotiations Sep: 5 ministerial meeting Oct: 6th inter-sessional ministerial meeting other countries (Japan, China, ROK, Australia, nd th th and 24th round of negotiations New Zealand, and India) CEPEA and meeting Aug: 2 ministerial meeting Oct: 15 round of negotiations Oct: 20 round of negotiations nd th nd Nov: Preparatory ministerial meeting and CEPEA: Concept of a broad regional economic EAFTA) Sep: 2 round of meeting Oct: 10 round of Nov: 2 inter-sessional Nov: Preparatory ministerial th 2nd summit meeting partnership by ASEAN + 6 negotiations Dec: 6 round of negotiations ministerial meetings meeting and summit th EAFTA: Concept of a broad regional economic negotiations Dec: 16 round of negotiations meeting partnership by ASEAN + 3 Inter-governmental discussion and evaluation Negotiations Nov: Declared the Feb: Japan-US summit (Issued Feb: TPP ministerial Jul: TPP ministerial Feb: TPP Jan: Completion of March 8: Signing intention to start Japan-US Joint Statement) meeting meeting ministerial domestic July 6: Notification consultation toward Apr: Agreement of the Japan-US May: TPP ministerial Oct: TPP meeting procedures to Depository consultation,
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