UK, Japan Launch Trade Negotiations
The United Kingdom and Japan officially opened trade negotiations June 9, the U.K. said in a notice. The U.K. said a free trade agreement with Japan would be an “important milestone towards the UK’s accession” to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Both countries “believe that the right response to the unprecedented economic challenge posed by coronavirus [COVID-19] is to make international trade easier and fairer,” U.K. Secretary of State-International Trade Liz Truss said in a statement.
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
The deal should be “ambitious and balanced,” Japan’s Minister of Economy, Trade and Industry Hiroshi Kajiyama said during a June 9 news conference, according to an unofficial translation of a transcript. The agreement also should focus on lowering tariffs on exports of Japanese auto parts to the U.K., the minister said.