Cheaper Japanese cars and European cheese are on the way as the EU's trade agreement after the European Commission announced on April 18 that it had cleared the way for an Economic Partnership Agreement with Tokyo.

The two sides have agreed on the final details of the agreement, according to EU Trade Commission Commissioner Cecilia Malmström, who appeared outwardly pleased that the bloc managed to negotiate its largest-ever trade agreement with the world's third-largest economy.

"Japan is one ...