UK/Japan FTA: “The deal is tailored to the UK economy & secures additional benefits beyond the EU-Japan trade deal, giving UK companies exporting to Japan a competitive advantage in a number of areas.” 1/
UK/Japan FTA: “The deal is also an important step towards joining the Comprehensive & Progressive Agreement for Trans-Pacific Partnership. This will give UK businesses a gateway to the Asia-Pacific region & help increase the resilience & diversity of our supply chains.” 2/
UK/Japan FTA: “UK businesses will benefit from tariff-free trade on 99% of exports. Gov. analysis shows that a deal with Japan will deliver a £1.5 billion boost to UK economy & increase UK workers’ wages by £800 million in long run.” 3/
UK/Japan FTA: “Cutting-edge digital & data provisions that go far beyond the EU-Japan deal. These will enable free flow of data whilst maintaining high standards of protection for personal data.” 4/
UK/Japan FTA: “We’ve also committed to uphold principles of net neutrality, as well as introducing a ban on data localisation, which will prevent British businesses from having extra cost of setting up servers in Japan. This will help UK fintech firms operating in Japan.” 5/
UK/Japan FTA: “Improved market access for UK financial services – including greater transparency and streamlined application processes for UK firms seeking licences to operate in Japan.” 6/
UK/Japan FTA: “The deal creates an annual dialogue between HM Treasury, UK financial regulators, & Japanese FSA that will explore ways to further reduce regulatory friction - something that would be impossible were the UK still in the EU.” 7/
UK/Japan FTA: “...new & more liberal Rules of Origin will allow producers of coats, knitwear & biscuits to source inputs from around the world for their exports to Japan – making it easier & cheaper for them to sell to the Japanese market.” 8/
UK/Japan FTA: “New protection for more iconic UK goods – increasing geographical indications (GIs) from just 7 under terms of EU-Japan deal to potentially over 70 under new agreement, covering goods incl. English sparkling wine, Yorkshire Wensleydale & Welsh lamb.” 9/
UK/Japan FTA: “New protections for UK creative industries – British businesses can now be confident that their brands & innovations will be protected. We have gone beyond the EU on provisions that tackle online infringement of IP rights, such as film & music piracy.” 10/
UK/Japan FTA: “Improved mobility for business people – securing more flexibility for Japanese & British companies...This includes commitments that go beyond the EU-Japan deal, for investors, spouses and dependents...” 11/
UK/Japan FTA: “Supporting UK car and rail manufacturing – supporting major investors in the UK like Nissan and Hitachi through reduced tariffs on parts coming from Japan, streamlined regulatory procedures and greater legal certainty for their operations.” 12/
UK/Japan FTA: “More generous market access for malt producers – Japan has guaranteed market access for UK malt exports under an existing quota which is more generous and easier to access than the EU quota. The UK is the second biggest exporter of malt to Japan..." 13/
UK/Japan FTA: “We have negotiated a deal that sees tariffs fall on pork, beef, salmon & a range of other agricultural exports. We will continue to benefit from access to the low tariffs for key food and drink products covered by quotas” 14/
UK/Japan FTA: With thanks to the brilliant ‘Department for International Trade’ who have tirelessly pursued UK interests across the globe for the past 4+ years, currently culminating with this, the first bespoke FTA from a newly independent UK. Ends/ https://www.gov.uk/government/news/uk-and-japan-agree-historic-free-trade-agreement
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