The United Kingdom and Japan will sign a free trade agreement on Friday.
United Kingdom-Japan Comprehensive Economic Partnership Agreement (CEPA) Last month, Britain’s first post marked –Bracey Trade agreement
The government claims that the agreement will boost trade Japan By .2 15.2bn over the next 15 years – and UK traders will enjoy duty-free trade at 99% of exports to the country.
International Trade Secretary Liz Truss signed the agreement with Japanese Foreign Minister Toshimitsu Motegi in a video call on September 11.
In Tokyo on Friday – they will sign the agreement – Mrs. Trass called it “a landmark moment for Britain”.
“At its heart, this agreement is about creating opportunities and prosperity for all parts of our UK and continuing to grow the economic growth we need to meet our challenges.” Coronavirus, “Said Mrs. Truss.
The government says the agreement will lower tariffs on products such as UK car and rail manufacturing work, pork, beef and salmon, and give British consumers access to cheaper, higher-quality Japanese products.
CBI Director General Dame Carlin Fairbayron said: “The signing of the UK’s first separate trade agreement is a milestone for our economy and will be welcomed by businessmen from many sectors.
“The agreement has the potential to create jobs across the country by lifting British agricultural exports and supporting our manufacturing and services sectors. Customers will also benefit through more choices.”
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Official analysis found that a deal with Japan would increase UK GDP by about 0.07% over more than 15 years and long-term wages for UK workers. Will increase to 800 800 million.
Once signed, the government will publish a full report of the agreement with no significant differences or enhancements.
Brexit talks between Britain and the European Union are set to resume when Downing Street insisted last week There was no point in starting the discussion again If there is no change in position from the EU.
Michel Bernier, the European Union’s chief negotiator, welcomed the resumption of talks and told reporters in London that he wanted to “count every day”.
Ally Renison, a senior policy adviser at the Institute of Directors, said: “This is a standalone trade deal. [with Japan] As we move out of the transition period, the UK could be the cherry on top if it manages to manage the EU deal.