Ministerial talks on a new economic partnership agreement between Japan and Britain start August 6: 18:51
A ministerial talks between Foreign Minister Mogi and Minister of International Trade Truss began in London over a new UK-Japan economic partnership agreement following the departure of the EU from the European Union. It is expected that discussions will be held focusing on the timing of the elimination of tariffs on automobiles and the handling of agricultural products, etc., and the focus will be on the conclusion of negotiations.
Foreign Minister Mogi and Minister for International Trade Truss' ministerial talks over a new economic partnership agreement between Japan and Britain began in London at 6 pm JST.
Japan has an EPA=Economic Partnership Agreement with the EU=European Union, but since the UK left the EU, the preferential tax treatment between Japan and Britain will be lost after the “transition period” until the end of the year. As a result, the two governments have been proceeding with negotiations to conclude a bilateral economic partnership agreement.
The ministerial talks, which are scheduled to take place from the 6th to the 2nd, discuss issues such as the timing of tariff elimination on automobiles, which have the highest amount of exports from Japan, and whether to set import quotas for some British agricultural products. The final consultation is expected.
Within the Japanese government, there are expectations for the conclusion of the negotiations by this ministerial consultation, but there are also voices from related parties that Mr. Truss's response to the final stage can not be predicted, and whether the negotiations will be concluded. Is the focus.