London/Tokyo, Sept. 13 (Jiji Press)–A coincidence of interests has enabled Japan and Britain to reach a broad accord on a bilateral trade deal speedily, observers say.
Japan hopes to strengthen its relations with Britain to beef up international cooperation to counter China, while Britain wants to pursue its own trade policies after its exit from the European Union, or Brexit.
“This is a historic moment for both countries,” British International Trade Secretary Liz Truss said in a video released Friday after the broad accord was struck.
“This deal deepens the already strong partnership between our two democratic island nations,” she said. ” We both believe in the fundamental principle of free and fair trade.”
Japan and Britain effectively concluded their trade negotiations in just three months. It is an unusually short period even considering that the bilateral deal is based mostly on Japan’s economic partnership agreement with the European Union.