Trade agreement benefits Danish shipping

Trade agreement benefits Danish shipping

07-07-2017 14:00:00

On Thursday, the EU and Japan agreed on a trade agreement at the 20th EU-Japan Summit. Japan is a billion market for Danish shipping. A trade agreement will further benefit Danish business, and not least Danish shipping, Danske Rederier believes.

"We are very satisfied with the opening of the market in Danish shipping companies and thus the possibility of increased trade as a result of the new trade agreement. Trade agreements such as the one with Japan are crucial to a small and open economy like the Danish, and when it connects us further with one of our most important markets, we can only enjoy it," says Anne H. Steffensen, CEO of Danske Rederier.

As an export nation, Denmark enjoys the trade opportunities that arise from new market agreements and globalization. The agreement has been under way since 2013, when negotiations began. The new agreement strengthens the EU's trade agenda.

Estimates have calculated that a trade agreement between the EU and Japan can increase total exports from Denmark alone by up to 70 percent. Denmark is currently exporting worth 22,1 billion DKK to Japan, of which 3 billion DKK in 2016 were with Danish shipping as consignor.

The 150th anniversary of the establishment of diplomatic relations between Denmark and Japan is celebrated at the Trade and Maritime Agreement from 1867, this year.

Source: Danske Rederier / Maritime Denmark

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