The UK has secured a free trade agreement with Japan, which is the UK’s first major trade deal as an independent trading nation and will increase trade with Japan by an estimated £15.2 billion.

 

The UK-Japan Comprehensive Economic Partnership Agreement was agreed in principle on Friday 11 September.

 

The deal is tailored to the UK economy and secures additional benefits beyond the EU-Japan trade deal, giving UK companies exporting to Japan a competitive advantage in a number of areas. 

 

The deal is also an important step towards joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP): that could give UK businesses a gateway to the Asia-Pacific region.

 

UK businesses will benefit from tariff-free trade on 99% of exports to Japan. 

 

UK manufacturers, food and drink producers and the tech sector are all set to benefit from the measures in the UK-Japan deal, which include:

  • Digital & data provisions

  • Improved market access for UK financial services

  • Tariff free access for more UK goods

  • New protection for more iconic UK goods 

  • New IP protections for UK creative industries 

  • Improved mobility for business people 

  • Supporting UK car and rail manufacturing 

  • More generous market access for malt producers 

  • Strong tariff reductions for UK pork and beef exports – and a range of other agricultural exports. 

     

    For full details, please click HERE.

     

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