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Discussions with Japan will initially be held via video link and be between the UK’s International Trade Secretary Liz Truss and Japan’s Minister for Foreign Affairs\u202f Toshimitsu Motegi.<\/p>\n
Ms Truss said that she hopes to build on the existing pact between Tokyo and Brussels: “We aim to strike a comprehensive free trade agreement that goes further than the deal previously agreed with the EU, setting ambitious standards in areas such as digital trade and services.”<\/p>\n
“This deal will provide more opportunities for businesses and individuals across every region and nation of the UK and help boost our economies following the unprecedented economic challenges posed by coronavirus,” Ms Truss added.<\/p>\n
According to British government figures, trade between the two countries totalled \u00a331.4bn last year, with 9,500 UK-based businesses exporting goods to Japan.<\/p>\n
The UK hopes that a free trade agreement with Japan will help it to eventually join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).<\/p>\n
Membership of the 11-member CPTPP, a trade agreement that stretches from Australia to Chile, would significantly improve access for UK businesses to markets across the Asia-Pacific region.<\/p>\n<\/div>\n