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UK, Japan Reach Free Trade Agreement
USAgNet - 09/14/2020

On Friday, the UK and Japan announced they have struck a trade deal, the U.K.-Japan Comprehensive Economic Partnership Agreement. This represents the first major trade deal for the UK since leaving the European Union, and will increase trade with Japan by an estimated 15.2 billion pounds.

UK businesses will benefit from tariff-free trade on 99 percent of exports to Japan. As the UK explained, there will be “strong tariff reductions for UK pork and beef exports.”

The U.S. is currently in its fourth round of trade talks with the UK. In October 2018, the Trump administration first announced its intention to negotiate a trade agreement with the U.K.

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