UK strikes trade deal with Japan

The UK has secured a free trade agreement with Japan, which is the UK’s first major trade deal as an independent trading nation.

The government says that the deal (agreed in principle on Friday 11th September) 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 being seen as an important step towards joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This would give UK businesses a gateway to the Asia-Pacific region..

You can read more details of the deal on the Institute of Export website and the UK Government website.

If you’d like to discuss this news, or trading with the Asia-Pacific region more generally, please contact us.