The free trade agreement JEFTA between the European Union and Japan is ratified. The EU – parliamentarians voted for the agreement which had been negotiated and proposed on 17.07.2018 in the European Parliament with 474 to 156 votes on 12.12.2018. By this, the world’s largest free trade zone is established. The JEFTA agreement intends the reduction of all tariffs on goods. It will enter into force on 01.02.2019.