After Brexit the UK is striving to conclude a new trade agreement with Japan. Last year both countries discussed the prospects of concluding a trade agreement similar to the existing EU-Japan Economic Partnership Agreement. And in 2020 the phase of active actions has begun to implement their ambitious plans.
- Jpn
- En
En
News
UK after Brexit looks forward to trade agreement with Japan at the end of 2020
The Join Japan team found out some details for you!
Last year British Foreign Secretary Dominic Raab visited Tokyo and held talks with his counterpart, Japanese Foreign Minister Toshimitsu Motegi, in which the two countries reaffirmed their commitment to build the “new partnership as ambitious, high standard and mutually beneficial as the Japan-EU EPA (Economic Partnership Agreement).” They also agreed to strengthen the alliance between the countries, including in the field of security and defense. According to the Ministry of Foreign Affairs of Japan at a meeting in Tokyo cooperation in the areas of security, economy, as well as measures to create a free and open Indo-Pacific region were discussed.
“We will do our best to conclude the agreement before the end of the year. Japan is one of our trade priorities, partly because of the size of its market, but also because Japan is the central country in the Indo-Pacific region,” said Dominic Raab.
Japanese Foreign Minister Toshimitsu Motegi supported the idea of quick coordinating of a trade deal with the UK and, in this regard, asked to lift restrictions on imports of Japanese food and a number of other goods. These restrictions were introduced by the EU after the accident at the Fukushima nuclear power plant in March 2011. Last year the EU eased a number of restrictions, but some products such as seafood are still required to be checked additionally.
Japan is a UK priority partner due to the fact that it is in the centre of Indo-Pacific region and because of the size of its market.
We at Join Japan also learned that Britain has shown interest in a Comprehensive and Progressive Trans-Pacific Partnership Agreement. This project to create a free trade zone was signed by 11 countries on March 8, 2018 in Santiago, Chili. Among the signatories were Australia, Japan, Chile, Singapore, Canada, New Zealand.
We support businesses all over the world including Asia region, Europe, Russia, etc. If you are interested in expanding to the Japanese market or other countries, please contact us! By using innovative marketing strategies we will lead your business to success!