>> Japan and the EU have penciled in a free trade deal, and Donald Trump's ears might be ringing.>> As far as we are concerned, there is no protection in protectionism.>> The EU and Japan have committed to signing a full trade deal likely in the coming months.
That ahead of a G20 Summit with US President Donald Trump in town. Reuters' Brussels Bureau Chief said the timing is pointed.>> The politics of this is that they are doing this on the eve of a summit in Hamburg in Germany on Friday and Saturday, where the star attraction at that G20 Summit will be US President Donald Trump.
He's the guy that they're worried about. He's the man who on his first day in office in January pulled United States out of a trade agreement with a number of Asian countries, including Japan.>> Trump has also left an EU-US trade deal in limbo.>>
> But here in Brussels, Japanese Prime Minister Shinzo Abe and his EU counterparts are touting the benefits of free trade.
Abe saying with 40% of world trade under their belts, this new union will form the biggest open economic area. The deal, four years in the making, has encountered stumbling blocks. They've largely focused on Japanese cars and European food products. But briefing suggests they've largely been overcome.>> The Europeans will allow Japanese cars to come to Europe without charging tariffs which can go as high as 10% over the coming years.
And that the Japanese will allow most European food and drink products into Japan over time without tariffs.>> And even though he was never in the negotiating room, it appears Donald Trump may have been the key motivator.