China News Service, August 12, reported that Japan and Britain are negotiating a post-Brexit trade agreement between the two countries. The British Sky News reported on the 11th that the two sides have reached a deadlock over the issue of Japan's imposing tariffs on cheese imported from Britain.
According to reports, the Japan-UK trade negotiation agreement refers to the standards of the Economic Partnership Agreement (EPA) between the European Union and Japan. But with regard to cheese tariffs, the United Kingdom intends to seek better terms, while Japan hopes to comply with current standards.
Data map: cheese.
According to reports, in the Japan-EU Economic Partnership Agreement that came into effect in February 2019, Japan set an import quota for some agricultural products imported from the EU, but the Japan-UK agreement does not intend to establish a new preferential import quota for the UK.
Regarding the Japan-UK trade agreement, the visiting Japanese Foreign Minister Toshimitsu Motegi said at a press conference after consultations with the British Secretary of State for International Trade on the 7th that "most areas have actually been negotiated." After Motegi returned to his country, he attended the Liberal Democratic Party meeting on the 11th and reported that “(with the British side) reached an agreement on striving to take effect on January 1 next year and speeding up the remaining work.”
According to previous reports, the United Kingdom has withdrawn from the European Union on January 31, 2020, and the countdown to the 11-month transition to Brexit has passed halfway. Currently, the UK is seeking to establish a new trade agreement between the UK and Japan based on the economic and trade agreement between Japan and Europe in 2019.