Today the European Union and Japan signed an ambitious Economic Partnership Agreement (EPA) that constitutes "a strong message against protectionism." The trade agreement is the largest ever negotiated by the EU and encompasses a market of more than 600 million people. 

The Andean country, Ecuador, has signed an Inclusive Economic Agreement with the European Free Trade Association (EFTA), made up of Switzerland, Norway, Iceland, and Liechtenstein, which aims to facilitate bilateral economic relations.

The exporters of the trade bloc will benefit from the elimination of customs duties for industrial products once the agreement enters into force, or at the end of pre-established periods.