Japan
Britain will phase out tariffs on Japanese auto imports by 2026 but the countries are still negotiating what to do with levies on cheese under a post-Brexit free trade deal.
Consensus crumbles after UK’s international trade secretary reportedly sought to make the cheese a part of negotiations.
The UK’S trade negotiators are rushing into post-Brexit trade deals that could decimate superior British standards in a bid to be more competitive the Institute for Government warned.
Japan and the UK were on the same page on most subjects covered by their proposed free trade pact and are aiming to reach an agreement by the end of the month.
The Japanese Foreign Minister is set to start two days of post-Brexit trade negotiations in the UK, to round up a new bilateral trade agreement.
Japanese Foreign Minister Toshimitsu Motegi will visit Britain this week for what he said will be difficult talks with British Trade Minister Liz Truss, with the hope of finding middle ground and concluding a post-Brexit trade deal.
There are those in Japan who insist that the RCEP agreement must be signed even without Indian participation. The signing is scheduled for November in Hanoi.
A revised free trade pact between Japan and the Association of Southeast Asian Nations facilitating the cross-border flow of services and investment entered into force on Saturday.
Japan and the U.K. are studying a plan of not including an investor-state dispute settlement (ISDS) system in the bilateral trade deal they are currently negotiating.
Despite Japan’s efforts to seek closure in post-Brexit trade talks with Britain by the end of this month, the pathway to reaching an agreement is complicated, a trade expert has said.
Japan and Britain have agreed not to force their companies to disclose algorithms or set up local data servers, as part of talks aimed at a bilateral trade deal, the Nikkei said on Saturday.
The British government is aiming to reach a trade deal with Japan "around the end of this month," according to London’s chief negotiator with Tokyo.
The British government is aiming to reach a trade deal with Japan "around the end of this month," according to London’s chief negotiator with Tokyo.
Japan and Britain aim to clinch a trade deal by the end of July and Tokyo wants to secure at least the same automobile tariffs as it has in its existing European Union trade pact,
Doubts though remain over China’s ability to meet the requirement of the Comprehensive Progressive Trans-Pacific Partnership Agreement (CPTPP).
Japan’s chief negotiator Hiroshi Matsuura warned that both sides will need to "limit their ambitions."
Japan has completed its legal procedures necessary for the entry into force of the First Protocol to amend the ASEAN-Japan Agreement on Comprehensive Economic Partnership (AJCEP).
The UK wants to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership regional trade pact as soon as possible, welcoming Japan’s support for Britain’s membership.
The countries will build on an existing Japan-European Union deal, with Tokyo looking to scrap auto tariffs while London has said it wants benefits for its financial services and textile industries.
The UK’s hopes of a swift trade deal with Japan will ultimately rest on a successful resolution to the main talks between London and the European Union on a new trading arrangement.
