Britain signs first major post-Brexit trade deal with Japan

About This Source - The Telegraph

The Daily Telegraph, known online as The Telegraph, is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally. It was founded by Arthur B. Sleigh in 1855 as Daily Telegraph & Courier.

Recent from The Telegraph:

  • On the ground in Sudan where Ethiopians are fleeing to escape a brutal offensive
  • PM quizzed on reason for lockdown when tiered system will return | Covid-19
  • In full: Boris Johnson gives Downing Street press conference after new tier announcement
  • The Telegraph published this video item, entitled “Britain signs first major post-Brexit trade deal with Japan” – below is their description.

    The Government has signed its first major post-Brexit trade deal with Japan as the clock ticks down to the end of the transition period on December 31.  The deal’s s framework is largely based on the pact Japan struck with the EU last year, but with some divergence on digital trade and agricultural exports.  The Department for International Trade said it provides advantages not afforded by the EU deal, including in areas such as financial services, fintech, business travel, food and drink, and creative industries. The deal will also improve access to the UK market for Japanese train carriages and remove tariffs on cars in stages to zero in 2026. The two sides reached a broad agreement in September after three months of negotiations, during which talks became stuck over Stilton cheese. The agreement lacks the same quotas for agricultural exports such as cheese that the Brussels deal achieved. Instead, it allows the UK to use any agricultural quotas left over by the EU.  Japan is the UK’s 18th-largest trading partner and the deal is expected to boost UK GDP by 0.07pc compared to 2018 levels in the long run. The deal will take effect from January 1.  At the official signing ceremony in Tokyo on Friday, International Trade Secretary Liz Truss struck a defiant note, saying that the Brexit “naysayers” have been proved wrong. Read more: Subscribe to The Telegraph on YouTube ► https://bit.ly/3idrdLH

    The Telegraph YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: Brexit

    Brexit is the name given to the United Kingdom’s exiting the European Union, which happened on 31 January 2020, following a narrow “Leave” referendum result in a June 2016 vote on EU Membership which took place in the country. News items related to Brexit are posted, below, chronologically, with the most recent items at the top, from a variety of outlets.

    3 Recent Items: Brexit

  • Road hauliers ‘petrified and terrified’ in Dover, as Brexit looms
  • ‘What mattered most is what was not said’ – Rishi Sunak’s Spending Review analysis
  • EU chief says no-deal Brexit still possible
  • In This Story: Japan

    Japan is an island country in East Asia located in the northwest Pacific Ocean. It is bordered by the Sea of Japan to the west and extends from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south.

    4 Recent Items: Japan

  • 2020/11/25 East Asian Diplomacy: Wang Yi in Japan, S. Korea / Global Health Codes: How Feasible?
  • Where do China-Japan relations stand now?
  • Chinese FM arrives in Seoul after visit to Japan
  • China calls for joint efforts with Japan to establish ‘genuine trust’
  • Leave a Comment