The EU-Japan Economic Partnership Agreement is a trade agreement that aims to strengthen economic ties between the European Union and Japan. It was signed in July 2018 and came into effect in February 2019. The agreement reduces tariffs on goods, enhances trade in services, and promotes investment, benefiting businesses and consumers in both regions. Additionally, the agreement addresses various regulatory issues, making it easier for companies to operate across borders. It also includes commitments to sustainable development and cooperation in areas like climate change and labor rights, reflecting a shared commitment to high standards in trade practices.