Anonymous ID: 970cf5 Aug. 7, 2020, 7:50 p.m. No.10219253   🗄️.is 🔗kun   >>9270 >>9458 >>9530

Japan, UK settle on key elements of trade deal

 

Japan and Britain have settled on the key elements of a bilateral trade deal. The two sides will continue working to reach a broad agreement by the end of this month. Japanese Foreign Minister Motegi Toshimitsu and British International Trade Secretary Liz Truss met for a second day of talks in London on Friday. They reached a substantial agreement on tariffs covering almost all industrial products. Duties on automobiles, which account for the largest portion of Japan's exports to Britain, will be lowered in phases and abolished in 2026.

 

Tokyo and London hope the deal can take effect from January 1 next year. The transition period for Britain's exit from the European Union expires at the end of this year. After the meeting, Motegi said he believes significant progress was made toward a conclusion. In a tweet on Friday, Truss described the negotiations as positive. She said the two sides reached consensus on provisions in digital, data and financial services that go beyond an EU-Japan deal.

 

Japanese government sources have suggested the remaining issues are limited to some agricultural products.

https://www3.nhk.or.jp/nhkworld/en/news/20200808_05/