Statement by Minister Edano on the Cabinet Decision “Policy on Regulatory and Institutional Reform” and the Japan-EU EPA

July 10, 2012

1. On July 10, the Cabinet determined the “Policy on Regulatory and Institutional Reform” drafted by the Government Revitalization Unit.
2. The Cabinet Decision formulates regulatory and institutional reforms which encourage socio-economical revitalization for a strong and renewed Japan. The decision considers consistency with international standards from the viewpoints of Japan’s revival through EPAs in addition to those of economic growth. It responds to interests by the EU, which is in the critical phase for the launch of the negotiation of the Japan-EU EPA.
3. I will make my best efforts for the launch of the Japan-EU EPA as soon as possible. I commit to implement the reform policy in accordance with the decision collaborating with relevant ministers. This shows the strong will of the Japanese government, and therefore I firmly believe that the EU will understand it.

Europe Division, Trade Policy Bureau