print PRINT

INTERNATIONAL > Europe & Eurasia

Japan, UK reach basic agreement on new trade pact 

  • September 12, 2020
  • , All national papers
  • JMH Summary
  • ,

The Saturday editions of all national dailies wrote that Japan and the UK reached a basic agreement on their new economic partnership agreement during a videoconference held on Friday between Foreign Minister Motegi and British International Trade Secretary Truss. The two nations agreed to adopt most of the preferential tariffs of the economic partnership agreement between Japan and the EU and abolish tariffs on railway cars and some of the auto parts exported from Japan to the UK as soon as the new pact becomes effective. The two nations will seek to effectuate the accord on Jan. 1, 2021, after it is approved by the parliaments of both countries.  

 

Tariffs on exports of Japanese vehicles to the UK would be as low as exports to the EU and be abolished in 2026. Tariffs on railway cars and parts, electronic control panels for electric vehicles, and turbojet engines for aircraft would be abolished as soon as the new pact takes effect. Japan would impose no new duty-free schemes on agricultural imports from the UK. 

  • Ambassador
  • Ukraine
  • OPINION POLLS
  • COVID-19
  • Trending Japan