The Department for International Trade (DIT) recently announced that a Free Trade Agreement (FTA) had been confirmed with Japan. The UK-Japan Comprehensive Economic Partnership Agreement (CEPA), as it is formally known, was concluded during a video call between Secretary of State, Liz Truss and Japanese Foreign Minister, Motegi Toshimitsu.
Speaking after the call, Secretary of State Truss said: “This is a historic moment for the UK and Japan as our first major post-Brexit 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.”
What has the CBI done to support?
After the Secretary of State visited Japan in September 2019, she announced that Japan had been promoted to become a priority trading partner to sign an FTA with after the UK left the European Union. The CBI hosted