The European Union (EU) and Japan have formally agreed an outline free-trade deal.

The agreement paves the way for trading in goods without tariff barriers between two of the world’s biggest economic areas. However, few specific details are known and a full, workable agreement may take some time.

Two of the most important sectors are Japanese cars and, for Europe, EU farming goods into Japan.

The outline plan was signed in Brussels after a meeting between Japanese Prime Minister, Shinzo Abe, and the European Commission president, Jean-Claude Juncker, on the eve of a meeting of the G20 group of leading economies in Hamburg, Germany.

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