武汉 新茶 学生：Britain and Japan sign trade agreement for the first big order after Brexit
Britain and Japan sign trade agreement for the first “big order” after Brexit
The governments of Japan and the United Kingdom signed a bilateral free trade agreement on the 23rd.This is the first trade agreement between the UK and a major economy since it left the European Union.If approved by both legislatures,The agreement will take effect on January 1 next year,Britain has ended the “transition period” of Brexit by then,No longer subject to EU trade rules.
Progress in negotiations between Britain and many countries is slow
Only smooth progress with Japan
Japanese Minister of Foreign Affairs Toshimitsu Motegi and British Minister of International Trade Elizabeth Truss signed the “UK-Japan Comprehensive Economic Partnership Agreement” on the same day in Tokyo, Japan.
This is the first major trade agreement reached by the UK since “Brexit” at the end of January this year.The British side was very encouraged.The United Kingdom also negotiated post-Brexit trade agreements with major trading partners such as the European Union, the United States, Australia, and New Zealand.But progress is slow,Only the negotiations with Japan proceeded smoothly.The two countries started negotiations in June,Agreement on most areas was reached in August,On September 11, it was announced through a video conference that an agreement was reached in principle.
Both parties call it a “milestone” agreement,Help promote free trade and bilateral relations.The British government also regarded it as a pavement for it to join the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP).The original version of this agreement is the “Trans-Pacific Partnership Agreement” (TPP),Covering 12 countries in North America, South America and the Asia-Pacific region.U.S. President Donald Trump announced his withdrawal from TPP after taking office.After Japan persuaded the United States to change its position, it was hopeless,Actively promote the rest of the parties to re-sign the “11-country TPP”,Namely CPTPP.
Truth said,”The agreement provides a gateway for British companies to enter the Asia-Pacific region.and also pave the way for (UK) to join the (11-country version) TPP.”Motegi said,Japan welcomes Britain to join the 11-country version of TPP,”And will continue to provide necessary support.”
Most of the terms of the UK-Japan Free Trade Agreement
Refer to the existing free trade agreement between Japan and the EU
According to Kyodo News,The provisions of the UK-Japan Free Trade Agreement mostly refer to the existing free trade agreements between Japan and the European Union.
According to the terms of the agreement,Britain will gradually reduce import tariffs on Japanese cars,Until 2026 to achieve zero tariffs,It is consistent with the terms of the existing Japan-Europe trade agreement.The UK will also immediately abolish import tariffs on Japanese train cars and auto parts.Japan promised to maintain the same level of tariffs imposed on British agricultural products in accordance with the existing Japan-Europe agreement.
In the field of e-commerce and financial services,The Japan-UK agreement covers a wider range of rules than the Japan-Europe agreement.This includes prohibiting the governments of both sides from requiring companies to disclose algorithms used in artificial intelligence technology and encrypted data.The British government said earlier,The Japan-UK agreement can make 99% duty-free products exported to Japan; from a longer-term perspective,Compared with 2018,The agreement is estimated to increase the total trade volume between Britain and Japan by approximately 15.2 billion pounds (approximately 132.8 billion yuan).The agreement still needs to be reviewed and approved by the British Parliament and the Japanese Parliament to take effect.
Japanese companies worry about the UK and the EU
Unable to reach a trade agreement before the end of the year
During the 11-month transition period ending December 31 this year,Britain still needs to comply with the European Single Market and Customs Union rules.Although the Japanese business community welcomes the Anglo-Japanese agreement,But also worried that the UK and the EU will not be able to reach a trade agreement before the end of the year.In that way, the European business of Japanese companies is unavoidable.Japanese Foreign Minister Motegi also hopes that Britain and Europe will reach a trade agreement as soon as possible.He said,Many Japanese companies have expanded their business in the UK,Think of the latter as “the gateway to the European continent”,Therefore, “After Britain leaves the European Union,Maintaining the supply chain (normal operation) between the UK and the EU is extremely important.”according to