Britain signs first major post-Brexit trade deal with Japan

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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.

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  • 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 ►

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    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.

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    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.

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