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UK signs first major post-Brexit trade deal with Japan

Home News UK signs first major post-Brexit trade deal with Japan

The UK has struck its first major post-Brexit trade pact after signing a deal with Japan that aims to boost trade between the countries by about £15bn.

International Trade Secretary Liz Truss said it was an “historic moment”.

She said it would bring “new wins” for British businesses in manufacturing, food and drink, and tech industries.

Critics said while the deal may be of symbolic importance it would boost UK GDP by only 0.07%, a fraction of the trade that could be lost with the EU.

Friday’s deal still needs approval by Japan’s parliament, which the country’s Foreign Minister Toshimitsu Motegi forecast would be passed by January.

Read full article here.

Source: BBC News

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