UK signs first major post-Brexit trade deal with Japan

Saturday, 2020-10-24 11:00:55
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The UK's International Trade Secretary Elizabeth Truss and Japanese Foreign Minister Toshimitsu Motegi pose with documents at a signing ceremony of the UK-Japan trade agreement. (Photo: Reuters)
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The UK and Japan formally signed a trade agreement on October 23, marking the UK’s first big post-Brexit deal on trade, which will come into force on January 1, 2021.

“This is the first new free trade deal to be agreed since the UK once again became an independent trading nation,” UK Trade Secretary Liz Truss told reporters after the signing ceremony in Tokyo.

Japanese Foreign Minister Toshimitsu Motegi said Japan welcomes the UK’s interest in joining the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) free trade deal, and intends to provide necessary support.

Truss has already said the UK hoped to formally apply to join the CPTPP early next year.