• Kyodo

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Japan and the European Union will hold an annual summit on May 29 in Tokyo to discuss their potential free trade agreement and security cooperation, diplomatic sources said Saturday.

Foreign Minister Fumio Kishida and EU High Representative for Foreign Affairs and Security Policy Federica Mogherini are expected to announce the schedule when they meet at this week’s Group of Seven foreign ministers’ meeting in Germany, the sources said.

The summit will be the first since European Council President Donald Tusk and Jean-Claude Juncker, president of the European Commission, the executive arm of the 28-member EU, took office last year.

Mogherini and EU trade chief Cecilia Malmstrom are also expected to attend the meeting in Tokyo.

Japan is aiming to achieve a broad agreement on trade liberalization with the EU by the end of the year, although hurdles remain in areas such as EU tariffs on Japanese car imports. In negotiations, Tokyo has called for eliminating the tariffs.

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