World's fair


Tokyo Big Sight offers smooth and diversified access not only from central Tokyo and all other regions of Japan, but from around the world as well.

This expo was the most obvious precedent for the many international exhibitions, later called world's fairs , that have continued to be held to the present time.

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United Kingdom of Great Britain and Ireland. Agriculture , Industry and Art. World's Industrial and Cotton Centennial Exposition. The Thünen Institute, a German agriculture think tank, said it expects a heavy increase in pork and poultry exports from the EU to Japan.

The EU estimates that , jobs in Europe are related to trade with Japan. The agreement is also expected to increase chemical exports from the EU to Japan by 22 percent and mechanical engineering shipments by 16 percent.

The Japanese computer, electric and automobile industries are all expected to benefit from the deal. For example, EU import tariffs on Japanese cars, currently at 10 percent, will gradually be reduced to zero.

This includes sectors that were previously closed for German investment along with well-established sectors for German business like engineering, automobiles, pharmaceuticals and chemical production.

In fact, Japan was the main driver behind the completion of the revised Trans-Pacific Partnership TPP free trade agreement this spring, after Trump pulled the US out of the deal, agreed upon by his predecessor Barack Obama's administration. After that move, the EU and Japan also accelerated their negotiations.

European member states have given the go-ahead for a free trade deal with Japan, the world's third-largest economy. Brussels said the agreement was sending "a very powerful signal against protectionism. Japan has taken the lead in forging the agreement that has evolved from the Trans-Pacific Partnership free trade deal after Washington pulled out, but the US would be welcomed in the future, say experts. At a time of heightened uncertainty in the global economic environment, leaders of Europe and China are meeting to ponder ways to counter the fallout from US President Trump's "America First" policies.

Despite reciprocal tariffs being imposed by the US, China and the EU, many economists think there is still only the threat of an all-out trade war.

So what happens if tensions escalate further? As the world prepares to tackle trade tensions and tit-for-tat tariffs, the summit between leaders of China and Central and Eastern European nations offers a chance for Beijing to present itself as a free trade champion. The trade conflict between the US and the EU escalates: After Trump's threat to slap higher duties on auto imports from the bloc, the EU warns it could sanction US exports worth billions.

The president campaigned on a vow to get tough on trading partners he accuses of taking advantage of bad trade deals to run up huge trade surpluses with the U. He has slapped taxes on imported steel and aluminum, saying they pose a threat to U. And they would continue to hit U. The escalating trade war and tariffs on steel and aluminum had put pressure on auto company earnings.

General Motors had slashed its outlook, and shares of Ford Motor Co. China has counterpunched with tariffs on American products, including soybeans and pork — a shot at Trump supporters in the U. The EU is stepping in to ease some of U. Lawmakers said they still needed to see details of the agreement with the EU as well as progress on the other deals.