Tuesday, April 16

Day: October 23, 2020

UK and Japan sign £15bn trade deal
Featured, United Kingdom

UK and Japan sign £15bn trade deal

    The UK and Japan have signed a free trade agreement at a ceremony in Tokyo, hours before negotiations on a post-Brexit deal with the European Union are due to resume. The UK-Japan Comprehensive Economic Partnership Agreement (CEPA), which was agreed in principle last month, marks Britain's first deal with a major economy since Brexit. The government claims the agreement will boost trade with Japan by £15.2bn over the next 15 years and UK businesses will enjoy tariff-free trade on 99% of exports to the country. International Trade Secretary Liz Truss had struck the deal with Japan's foreign minister Toshimitsu Motegi on a video call on 11 September. After the ceremony, Ms Truss said: "How fitting it is to be in the land of the rising sun to welcome in the dawn of a...