Britain reached an agreement with the EU-European Union in negotiations such as a free trade agreement, and the situation where wide tariffs were imposed on both trades was avoided at the last minute.

However, the economy has been severely hit by the spread of the new coronavirus, and it will be difficult to steer in the future.

The UK and the EU announced on the 24th that they have reached an agreement on negotiations such as the free trade agreement that has continued since the UK left.



Negotiations have been difficult so far, but a last-minute agreement was reached as the deadline approached a week later, boosted by the desire to avoid further damage to the economy depressed by the new virus.



This has eliminated widespread tariffs on trade between the two sides from the beginning of the year, and the business community believes that the worst has been avoided.



However, since the UK will officially leave the EU's economic zone where goods can move freely from next year, customs clearance procedures will be required for trade even if there is a free trade agreement, and product standards will be different from those of the EU. As a result, new labor and costs will be incurred.



"The economic growth rate of this year is -11%, the biggest drop since 1709," said the UK Budget Responsibility Department for the economic impact of the new virus.



Prime Minister Johnson emphasized this achievement, saying, "We have put together the biggest trade agreement."



However, the future is harsh, and economic management will be difficult and steering will be required.

Prime Minister Johnson "Agreement is a gift"

British Prime Minister Johnson posted a video on his Twitter account on the 24th following an agreement with the EU = European Union.



Prime Minister Johnson took out a stack of paper that appeared to be an agreement, saying, "I have a little present on Christmas Eve."



"This is an agreement with EU friends that will give certainty to business and investors starting next January," he said, stressing that it will be the basis for a stable relationship with the EU in the future.

Foreign Minister Motegi "Continuing to support the securing of economic activities of Japanese companies"

Foreign Minister Motegi announced a discourse, "We welcome the efforts of both the EU and the United Kingdom to conclude negotiations within the transition period and avoid situations that could have a significant impact on the global economy. I hope that the necessary procedures such as approval will be carried out promptly. "



On top of that, "We will continue to provide necessary support, including providing information to companies, in order to ensure the smooth economic activities of Japanese companies operating in the United Kingdom and EU member states."