New Economic Partnership Agreement with Government UK “Negotiate as early as next month”

New Economic Partnership Agreement with Government UK “Negotiate as early as next month” January 5th 5:05

The government wants to begin negotiations for a new economic partnership agreement with the UK, which is expected to withdraw from the European Union, as soon as next month, and aims to eliminate tariffs on cars with large exports from Japan as soon as possible. is.

The UK is expected to withdraw from the EU by the end of this month, with the ruling and conservative parties gaining a majority in the general election last month.

Even after the withdrawal, the transition period is until the end of December, and Japan can continue to trade with the UK under the Economic Partnership Agreement with the EU in a manner that reduces tariffs on each other as before.

However, once the transition period is over, tariff reductions will no longer be effective, and the government wants to begin negotiations as early as next month to enter into an economic partnership agreement with the UK.

The new agreement calls for the elimination of tariffs on vehicles with the largest export value from Japan as soon as possible, and we would like to shorten this period from the eighth year after the entry into force of the EU agreement.

However, the United Kingdom has indicated its intention to prioritize trade negotiations with the EU first, so it is unclear whether negotiations with Japan will proceed promptly.

The UK is also interested in the TPP-Pacific Trans-Pacific Partnership Agreement, apart from the bilateral agreement, and Japan will support UK participation if requested.