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Uk Japan Free Trade Agreement Financial Services

UK Trade Minister Liz Truss said the UK expects „an additional 15 billion pounds of trade” with Japan to be secured. [11] Department of International Trade (2020). Uk-Japan Free Trade Agreement: UK`s Strategic Approach, May 2020, 28-29. The agreement is essentially the same as the Economic Partnership Agreement between the European Union and Japan, concluded in February 2019. [11] This is a historic moment for Britain and Japan, our first major trade deal after Brexit. The agreement we have negotiated – in record time and under difficult circumstances – goes far beyond the existing European agreement, as it allows British companies to make new profits in our large manufacturing, agri-food and technological industries. New protection for more iconic British products – increased geographical indications (GIs) from only seven under the terms of the EU-Japan agreement to more than 70 potentially under our new agreement, which includes products such as English sparkling wine, Yorkshire Wensleydale and Welsh Lamb. The result would be greater recognition of the major British brands in the Japanese market. The UK today concluded a free trade agreement with Japan, which is the UK`s first major trade agreement as an independent trading nation. The United Kingdom and Japan have a long shared history as free trade nations and this agreement marks a historic moment that will deepen the partnership between two democratic island states.

[6] Morita-Jaeger, M. (2018). New economic partnership between the UK and Japan – Is an introduction to the EPA between the EU and Japan useful?. We also promote our objectives in market access and financial services trade as a member of our Chairman Bob Wigley at the Government`s Financial Services Business Advisory Group and through the membership of our Director of International Affairs, Angus Canvin, to the government`s Financial Services Expert Panel. The text of the new UK Free Trade Agreement (or „Comprehensive Economic Partnership”) is now available and provides the basis for future assistance to financial services companies operating in both markets.