Prime Minister Shinzo Abe’s policy of developing a global network of trade deals could deliver higher cargo volumes to Japanese shipping companies that have been badly hit by the growing US-China trade spat and the looming spectre of Brexit.
Abe's deals
Comprehensive and Progressive Agreement for Trans-Pacific Partnership
- Entered into force for Australia, Canada, Japan, Mexico, New Zealand, Singapore and Vietnam in December 2018-January 2019
- Will enter into force for Brunei, Chile, Malaysia and Peru 60 days after ratification is completed
- Eliminates 95% of trade tariffs between the trading partners
- Members represent 13% of world GDP amounting to $13.5trn
EU-Japan
