Japan-UK Economic Partnership Agreement Cabinet Ministerial Agreement Aiming for a major agreement within the month London August 8 5:08
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The ministerial talks were held in London over a new economic partnership agreement with the UK, which has left the EU, and agreed on major points such as the elimination of tariffs on cars exported from Japan in 2026. We are aiming for a general agreement.
In order to conclude a new economic partnership agreement between Japan and Britain, Foreign Minister Mogi held a second day ministerial talks with Mr. Truss in London during his visit on the 7th night of Japan time.
Among them, both of them are major agreements such as gradually reducing tariffs on automobiles with the highest amount of exports from Japan and abolishing them in 2026, and substantially agreeing on tariff levels for almost all industrial products. I agree on the points.
Based on the fact that the "transition period" following the departure of the EU from the UK is now up to the end of the year, the two parties will aim for a major agreement by the end of this month toward the entry into force of the new agreement on January 1, next year. I confirmed the policy.
In a post-discussion press conference, Minister Mogi said, "We have substantially agreed on most of the fields in all 24 chapters.
Government officials on the Japanese side point out that the remaining issues are limited to a part of agricultural products, and ministerial talks are unlikely to be held again. Work-level discussions will be rushed to reach an agreement.