Milestone agreement

UK signs post-Brexit trade deal with Japan

Liz Truss: ‘historic moment’ (pic: Downing Street)

Britain has secured a post-Brexit trade deal with Japan, its most significant trading agreement since leaving the EU.

It is likely to provide a timely injection of optimism for the Tory government as it engages in tense negotiations with Brussels.

The government claimed the agreement will boost trade with Japan by £15.2bn over the next 15 years and UK businesses will enjoy tariff-free trade on 99% of exports to the country.

International Trade Secretary Liz Truss agreed the deal, in principle, with Japan’s foreign minister Toshimitsu Motegi on a video call this morning.

Ms Truss hailed it as a “historic moment for the UK” and said it was an improvement on the EU-Japan trade deal.

“The agreement we have negotiated – in record time and in challenging circumstances – goes far beyond the existing EU deal, as it secures new wins for British businesses in our great manufacturing, food and drink, and tech industries,” she said.

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