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The UK-Japan Comprehensive Economic Partnership Agreement was ‘agreed in principle’ via a video conference call between International Trade Secretary, Liz Truss, and Japanese Minister for Foreign Affairs, Motegi Toshimitsu, on 11 September 2020. The Department for International Trade has announced that the agreement, which is the ‘UK’s first major trade deal as an independent trading nation’, ‘goes far beyond’ the EU-Japan Economic Partnership Agreement, as it guarantees ‘a competitive advantage’ for businesses in the manufacturing, food and drink, and tech industries. Professor Thom Brooks of Durham University and Professor Adam Cygan of Leicester University comment on the development.
‘Over the coming months’, the UK will finalise and ratify the UK-Japan Comprehensive Economic Partnership Agreement, as the government tries to establish independent trading relationships to take effect after the end of the transition on 31 December 2020.
For further details, see: LNB News 11/09/2020 79.
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