UK and Japan sign $20 billion free trade agreement
2020-10-24 10:00:54 source：CGTN
October 24, 2020
The UK and Japan have signed a free trade agreement (FTA) in Tokyo, marking Britain's first major international business deal since Brexit. The British government said it expects a $19.9 billion economic boost from the agreement over the next 15 years.
The UK-Japan Comprehensive Economic Partnership Agreement was approved in principle on September 11 but was signed on Friday in the Japanese capital. It is set to come into effect on January 1 next year. The UK's International Trade Secretary, Liz Truss, described the move as a "landmark moment for Britain", adding "... it shows what we (UK) can do as an independent trading nation".
The British government claims the deal goes beyond the existing one Japan already has with the EU, and follows months of negotiations between the two sides. Tech will be a particular focus of the partnership including digital trade and data.
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