Sectoral effects of the Japan-EU Economic Partnership Agreement for the European Union countries

Abstract This paper assesses the economic impact of Japan-EU Economic Partnership Agreement (JEEPA) on all EU member states as well Japan. The novelty this study is that it refers to countries and provides an overview expected output effects JEEPA for in a detailed sectoral breakdown. investigated using Computable General Equilibrium (CGE) framework. Calculations revealed returns from vary among countries. Some more highly developed will experience beneficial tariff reductions greater extent than others, while some newer, less-developed members losses, caused by lower competitiveness these Beneficial are mainly primary sector industries like meat animal products, leather, grains, crops; Japan, gains motor vehicle transport equipment industries. Despite overall optimism accompanying signing JEEPA, worth paying attention sectors shrink result.