Brexit: UK outlines objectives for free trade deal with Japan

Wednesday, May 13, 2020

Britain will hope to strike a post-Brexit free trade deal with Japan which goes further than the existing EU agreement, the International Trade Secretary has said.

Liz Truss said both sides are committed to an “ambitious timeline” as she today published 96 pages of negotiating objectives ahead of online talks.

The government wants a “comprehensive” free trade agreement (FTA) that is based on the current EU-Japan deal but secures additional benefits for the UK, such as in digital and data industries.

It aims that a deal will increase UK GDP and provide new opportunities for businesses, as well as improve the resilience of British supply chains by diversifying beyond the EU and China.

Ms Truss said: “Japan is one of our largest trading partners and a new trade deal will help to increase trade, boost investment and create more jobs following the economic challenges caused by coronavirus.

“Both sides are committed to an ambitious timeline to secure a deal that goes even further than the existing agreement especially in digital and data.

“Negotiations with Japan are an important step in CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) accession, a key UK priority, which will help us diversify our trade and grow the economy.”

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