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INTERNATIONAL KEY FINDINGS

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Disclaimer: The negotiations between the EU and Japan on the Economic Partnership Agreement (the EPA) have been finalised. In view of the Commission's transparency policy, we are hereby publishing the texts of the EPA. The texts are published for information purposes only and may undergo further modifications following the process of legal revision. The texts will be finalised upon signature and become binding upon the Parties under international law only after completion by each Party of its internal legal procedures necessary for the entry into force of the Agreement. Annex III: EUROPEAN UNION SCHEDULE BUSINESS VISITORS FOR ESTABLISHMENT PURPOSES, INTRA-CORPORATE TRANSFEREES, INVESTORS AND SHORT-TERM BUSINESS VISITORS. 1. Articles 7 and 9 of Section D of Chapter 8 do not apply to any existing non-conforming measure listed in this Annex, to the extent of the non-conformity. 2. A measure listed in this Annex may be maintained, continued, promptly renewed, or amended, provided that the amendment does not decrease the conformity of the measure with Articles 7 or 9 of Section D of Chapter 8, as it existed immediately before the amendment. 1 3. For greater certainty, for the European Union, the obligation to grant national treatment does not entail the requirement to extend to nationals or juridical persons of Japan the treatment granted in a Member State to the nationals and juridical persons of another Member State pursuant to the Treaty on the Functioning of the European Union, or to any measure adopted pursuant to that Treaty, including their implementation in the Member States. Such national treatment is granted only to legal persons of Japan established in accordance with the law of another Member State and having their registered office, central administration or principal place of business in that Member State, including those legal persons established within the EU which are owned or controlled by nationals of Japan. The following abbreviations are used in the list below. 4. The rights and obligations arising from this Agreement, including this schedule, shall have no self-executing effect and thus confer no rights directly on natural or juridical persons. 5. Commitments for contractual service suppliers and independent professionals do not apply in cases where the intent or effect of their temporary presence is to interfere with, or otherwise affect the outcome of, any labour/management dispute or negotiation. 1 This paragraph does not apply to UK reservations. 1

6. All other requirements of the laws and regulations of the EU and its Member States regarding entry, stay, work and social security measures shall continue to apply, including regulations concerning period of stay, minimum wages as well as collective wage agreements, even if not listed below. 7. The following abbreviations are used in the list below: AT BE BG CY CZ DE DK EU ES EE FI FR EL HR HU IE IT LV LT LU MT NL PL PT RO SK SI SE UK Austria Belgium Bulgaria Cyprus Czech Republic Germany Denmark European Union, including all its Member States Spain Estonia Finland France Greece Croatia Hungary Ireland Italy Latvia Lithuania Luxembourg Malta The Netherlands Poland Portugal Romania Slovak Republic Slovenia Sweden United Kingdom 8. The permissible length of stay shall be as follows: (a) intra-corporate transferees: up to three years, with possible extension by discretion of the EU and its Member States; (b) investors: up to one year; (c) business visitors for establishment purposes: up to ninety days in any six month period; (d) short term business visitors: up to 90 days within any six month period. 9. Business visitors for establishment purposes All sectors AT: Business visitor needs to be employed by an enterprise other than a non-profit organisation, otherwise: Unbound. CZ: Business visitor for investment purposes needs to be employed by an enterprise other than a non-profit organisation, otherwise: Unbound. 2

SK: Business visitor for investment purposes needs to be employed by an enterprise other than a non-profit organisation, otherwise: Unbound. Work permit required, including economic needs test. CY, UK: Permissible length of stay: up to 90 days in any twelve month period. Business visitor needs to be employed by an enterprise other than a non-profit organisation, otherwise: Unbound. 10. Investors All sectors AT: Economic needs test. CZ, SK: Work permit, including economic needs test, required in case of investors employed by an enterprise. CY: Maximum stay of 90 days within any six month period DK: Maximum stay of 90 days within any six month period. If investors wish to establish a business in Denmark as self-employed, a work permit is required. FI: Investors need to be employed by an enterprise other than a non-profit organisation, in a position of middle or top management. HU: Maximum length of stay 90 days where the investor is not employed by an enterprise in Hungary. Economic needs test required where the investor is employed by an enterprise in Hungary. IT: Economic needs test required where the investor is not employed by an enterprise. LT, NL, PL: the category of investors is not recognised with regard to natural persons representing the investor. LV: For pre-investment phase maximum length of stay is limited to 90 days within any six months period. Extension in post-investment phase to one year, subject to criteria in national legislation such as field and amount of investment made. SE: Work permit required if investor considered to be employed. UK: The category of investors is not recognised: Unbound. 11. Intra-corporate transferees (specialists and senior personnel) All sectors BG: The number of foreign natural persons employed within a Bulgarian enterprise may not exceed ten per cent of the average annual number of citizens of the European Union employed by the respective Bulgarian enterprise. Where less than 100 persons are employed, the number may, subject to authorisation, exceed ten per cent. AT, CZ, SK, UK: Intra-corporate transferees need to be employed by an enterprise other than a non-profit organisation, otherwise: Unbound. 3

In CY: The number of foreign natural persons employed within a Cyprus enterprise may not exceed ten per cent of the average annual number of citizens of the European Union employed by the respective Cyprus enterprise. For small and medioum enterprises the number of foreign personell under this category may be subject to authorisation. FI: Senior personnel needs to be employed by an enterprise other than a non-profit organisation. HU: Natural persons who have been a partner in an enterprise do not qualify to be transferred as intra-corporate transferees. LT: Maximum length of stay is three years. 12. Short-term business visitors All activities in Annex A below Research and Design CY, DK, HR: Work permit, including economic needs test, required in case the short-term business visitor provides a service in the territory of Cyprus, Denmark or Croatia, respectively. LV: Work permit required for operations/activities to be performed on the basis of a contract. MT: Work permit required. No economic needs tests performed. SK: In case of providing a service in the territory of Slovakia, a work permit, including economic needs test, is required beyond seven days in a month or 30 days in calendar year. UK: The category of short-term business visitors is not recognised: Unbound. AT: Work permit, including economic needs test, required, except for research activities of scientific and statistical researchers. Marketing research Trade Fairs and Exhibitions AT: Work permit required, including economic needs test. Economic needs test is waived for research and analysis activities for up to seven days in a month or 30 days in a calendar year. University degree required. CY: Work permit required, including economic needs test. AT, CY: Work permit, including economic needs test, required for activities beyond seven days in a month or 30 days in a calendar year. 4

After-Sales or After-Lease Service Commercial Transactions AT: Work permit required, including economic needs test. Economic needs test is waived for natural persons training workers to perform services and possessing uncommon knowledge. CZ, CY: Work permit is required beyond seven days in a month or 30 days in calendar year. FI: Depending on the activity, a residence permit may be required. SE: Work permit required, except for (i) people who participate in training, testing, preparation or completion of deliveries, or similar activities within the framework of a business transaction, or (ii) fitters or technical instructors in connection with urgent installation or repair of machinery for up to two months, in the context of an emergency. No economic needs test performed. AT, CY: Work permit, including economic needs test, required for activities beyond seven days in a month or 30 days in a calendar year. FI: The natural person needs to be providing services as an employee of an enterprise located in the territory of the other Party. Tourism personnel Translation and Interpretation FI: The natural person needs to be providing services as an employee of an enterprise located in the territory of the other Party. CY, PL: Unbound. SE: Work permit required, except for drivers and staff of tourist buses. No economic needs test performed. AT,: Work permit required, including economic needs test. CY, PL: Unbound. 5

ANNEX A ACTIVITIES OF SHORT-TERM BUSINESS VISITORS (a) meetings and consultations: natural persons attending meetings or conferences, or engaged in consultations with business associates; (b) research and design: technical, scientific and statistical researchers conducting independent research or research for an enterprise located in the territory of the other Party; (c) marketing research: market researchers and analysts conducting research or analysis for an enterprise located in the territory of the other Party; (d) training seminars: personnel of an enterprise who enter the territory of the other Party to receive training in techniques and work practices who are employed by companies or organisations in that Party, provided that the training received is confined to observation, familiarisation and classroom instruction only; (e) trade fairs and exhibitions: personnel attending a trade fair for the purpose of promoting their company or its products or services; (f) sales: representatives of a supplier of services or goods taking orders or negotiating the sale of services or goods or entering into agreements to sell services or goods for that supplier, but not delivering goods or supplying services themselves. Short-term business visitors do not engage in making direct sales to the general public; (g) purchasing: buyers purchasing goods or services for an enterprise, or management and supervisory personnel, engaging in a commercial transaction carried out in the territory of the other Party; (h) after-sales or after-lease service: installers, repair and maintenance personnel, and supervisors, possessing specialised knowledge essential to a seller's contractual obligation, performing services or training workers to perform services, pursuant to a warranty or other service contract incidental to the sale or lease of commercial or industrial equipment or machinery, including computer software, purchased or leased from an enterprise located outside the territory of the Party into which temporary entry is sought, throughout the duration of the warranty or service contract; (i) commercial transactions: management and supervisory personnel and financial services personnel (including insurers, bankers and investment brokers) engaging in a commercial transaction for an enterprise located in the territory of the other Party; (j) tourism personnel: tour and travel agents, tour guides or tour operators attending or participating in conventions or accompanying a tour that has begun in the territory of the other Party; and (k) translation and interpretation: translators or interpreters performing services as employees of an enterprise located in the territory of the other Party. 6