noun
economic partnership agreement; EPA
A formal term used in international trade and diplomacy, referring to a treaty that promotes economic cooperation, often including tariff reductions and investment rules.
日本とEUは経済連携協定を締結した。
Japan and the EU concluded an economic partnership agreement.
自由貿易協定 (FTA) focuses primarily on reducing tariffs and trade barriers, while 経済連携協定 (EPA) is broader, covering investment, services, and economic cooperation.
Compound of 経済 (economy), 連携 (cooperation, partnership), and 協定 (agreement, pact). A direct translation of the English term 'economic partnership agreement'.