Freight News

UK signs Japan trade deal

[ September 11, 2020   //   ]

The UK has signed a trade deal with Japan, its first as a country independent of the European Union. The UK-Japan Comprehensive Economic Partnership Agreement was agreed in principle by International Trade Secretary Liz Truss and Japan’s Foreign Minister Motegi Toshimitsu on a video call on 11 September. According to the government, UK businesses will benefit from tariff-free trade on 99% of exports to Japan, including manufacturers, food and drink producers and the tech sector.  New and more liberal Rules of Origin will allow producers of coats, knitwear and biscuits to source inputs from around the world for their exports to Japan – making it easier and cheaper for them to sell to the Japanese market.