Nanotechnology, which involves the manipulation of materials at the nanoscale, benefits from the EPA in several ways:
Reduced Tariffs: The EPA eliminates or reduces tariffs on a wide range of products, including advanced materials and nanomaterials. This reduction in tariffs makes it easier and more cost-effective to trade nanotechnology products between the EU and Japan. Enhanced Regulatory Cooperation: The agreement promotes regulatory cooperation, which is crucial for the standardization and safety of nanotechnology applications. Harmonized regulations can facilitate smoother market entry and reduce compliance costs for businesses. Increased Investment: The EPA encourages investment in high-tech industries, including nanotechnology. By providing a stable and predictable investment environment, the agreement attracts investments in research and development (R&D) and commercialization of nanotechnology innovations.
