On February 1st, 2019, a free trade agreement between Japan and the European Union came into force, covering almost one-third of the world's economy, reports dw.com. With the agreement, almost all tariffs on trade between the EU and Japan have been removed. It can save European companies billions of euros in duties each year. With the new deal, duties are no longer to be
Trade deal EU and Japan clears hurdle on way to 2019 start
According to Reuters, plans of the European Union and Japan to form the world's largest free trade area cleared a significant hurdle when EU lawmakers specializing in trade backed a deal that could enter force next year. The European Parliament's international trade committee voted in favor to clear the deal for a final vote set for December 13th. When the agreement comes into
Online mobile transactions in Europe up to 44%, APAC to 51%
A research by Criteo concludes that transactions completed on the smartphone are rising globally. Northern Europe and Japan are growing in particular. In these regions, mobile transactions now represent over half of the online transactions. According to the research, the top 3 is formed by Sweden (60%), Norway (57%), and the United Kingdom (55%). The data is based on an
Panasonic moves Europe headquarters from UK to Amsterdam
Japanese conglomerate Panasonic will move its European headquarters from the United Kingdom to Amsterdam in October, as Brexit is approaching. This way, the company aims to avoid potential tax issues linked to the UK's decision to leave the European Union, reports BBC News. As Brexit is coming closer, more and more multinational firms plan to move their headquarters out of the
Global shipping volumes: $279 billion revenue in 2017
The Pitney Bowes Parcel Shipping Index revealed that parcel shipping generates 279 billion dollars revenue in 2017. Turnover increased with 11% over 2016, while parcel volumes grew 17%, to 74.4 billion parcels in total. The biggest year-on-year growth in parcel volume can be found in China (28%). Globally, on average 22 parcels were shipped per person while a total of 2300