Britain & Japan Agree to First Major Post-Brexit Trade Deal
Britain and Japan agree to their first major post-Brexit trade deal. According to reports, UK has secured a free trade agreement with Japan, which is the UK’s first major trade deal as an independent trading nation and will increase trade with Japan by an estimated £15.2 billion.
London, September 11: Britain and Japan agree to their first major post-Brexit trade deal. According to reports, UK has secured a free trade agreement with Japan, which is the UK’s first major trade deal as an independent trading nation and will increase trade with Japan by an estimated £15.2 billion.
According to a report on the Mirage, according to the trade deal, UK companies will get exporting to Japan a competitive advantage in a number of areas. It will help to create jobs and drive economic growth throughout the whole of the UK. Japan's Next PM: Yoshihide Suga, Backed by Key Faction of Ruling LDP, Emerges as Frontrunner to Succeed Shinzo Abe.
Britain and Japan agree to first major post-Brexit trade
The trade deal will give UK businesses a gateway to the Asia-Pacific region and help to increase the resilience and diversity of our supply chains. UK businesses will benefit from tariff-free trade on 99 percent of exports to Japan. Government analysis shows that a deal with Japan will deliver a £1.5 billion boost to the UK economy and increase UK workers’ wages by £800 million in the long run.
(The above story first appeared on LatestLY on Sep 11, 2020 01:27 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).