Britain inks post-Brexit trade deal with Japan

Daniel Fowler
October 23, 2020

And he also suggested that Boris Johnson's position, that he is relaxed for Britain to walk away without a deal and operate on an "Australian-style" trading arrangement, was a charade.

Japan and Britain signed a bilateral free trade deal Friday in the the first such major post-Brexit deal, reducing tariffs on Yorkshire lamb sold in Japan, as well as auto parts for Japan's Nissan plant.

"It used to be said that an independent UK would not be able to strike major trade deals or they would take years to conclude", said Ms Truss at a joint press announcement with Japan's Foreign Minister, Toshimitsu Motegi.Mr Motegi said a deal between the UK and the European Union was still crucial for Japanese business, particularly carmakers such as Nissan and Toyota who use parts from across Europe in vehicles they assemble in the UK."It is of paramount importance that the supply chain between the UK and the European Union is maintained even after the UK's withdrawal", he said.

Downing Street has said that "significant gaps" remain between negotiators.

The main stumbling blocks remain fishing rights, the governance of any deal and the "level playing field" aimed at preventing unfair competition, which includes state subsidies.

"Our door will always remain open", he promised.

UK says ready to restart Brexit talks later this week

"You've got to also focus on this second challenge because it's coming whether we like it or not", he said of the impact of Brexit coupled with that of Covid-19.

Speaking ahead of Barnier, EU chief Charles Michel held a much tougher line and asked London to decide if it actually wanted a deal, once and for all.

European Union chief negotiator Michel Barnier arrived in London with negotiators vowing to work around the clock to salvage a trade deal and avert potential economic chaos at the end of the year - although key sticking points still remain. We are giving ourselves a few more days to give the negotiations a chance, but we need to know quickly.

A Number 10 spokesman said: "We welcome the fact that Mr Barnier acknowledged both points this morning, and additionally that movement would be needed from both sides in the talks if agreement was to be reached".

Trade talks are now stalled and time is short to reach an agreement before the end of the transition period.

Meanwhile, the United Kingdom government on Thursday unveiled new measures to minimise the risk of disruption at the United Kingdom border at the end of the transition period, as part of its planning for a "no deal" scenario.

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However, it had remained unclear whether the virus was less deadly due to the different patient demographics or improved care. They found that, at the start of America's coronavirus epidemic, patients in the study had a 25.6% risk of dying.

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