Praising the agreement as a "historic moment," both countries are eager to strengthen their economic ties. Tokyo is also hoping the UK will play a stronger role in Indo-Pacific security to contain Chinese expansion.
India’s pullout from the RCEP, like the prior U.S. withdrawal from the Trans-Pacific Partnership, has made a situation for Japan.
Bangladesh will request Japan to commence a joint feasibility study on the signing of a free trade area agreement to help boost bilateral trade, officials said.
Ministers from 15 Asia-Pacific countries negotiating a sprawling free trade agreement urged India on Wednesday to return to the talks as they are aiming to sign a deal by the end of the year, a Japanese official said.
The signing of the agreement will reportedly take place on October 23. The Japanese parliament will then have until year-end to ratify it.
Tokyo has said it is aiming for the deal to come into force on Jan. 1, after reaching a broad trade agreement with Britain on Sept. 11.
The economic partnership agreement between Japan and the UK will maintain preferential tariffs for industrial products manufactured with components made in the European Union in a win for Japanese automakers.
The two countries are negotiating the signing of a reciprocal investment protection agreement.
With India, Australia and Japan intent on pursuing their arrangement in parallel, the road looks relatively clear for an RCEP accord in November. Even if there are still a few points of contention, the 15 countries may sign an "agreement in principle".
Japan need a policy that is based on a major shift from industrial agriculture to agroecology by small farmers. For this to be possible Japan must pull out of TPP and other similar FTAs.
Sri Lanka’s apex investment promotion body, Board of Investment (BOI), is eyeing five new trade agreements with key trading partners—Japan, China, European Union (EU), United States and United Kingdom (UK)— over the next three years.
A written submission from Japan published by the ECT secretariat rejected language on the “right to regulate” and changes to the investor-state dispute resolution mechanism.
The UK sees this deal forming a pathway to further market access under the 11-nation Comprehensive and Progressive Agreement for Transpacific Partnership (CPTPP), which Japan will support as part of the agreement.
The UK will hold multiple rounds of talks with the 11 member states of the Trans-Pacific Partnership with an eye on joining the trade pact, its trade minister said.
Japan and Britain agreed in principle on a post-Brexit free trade deal after three months of talks, ensuring the continuity of close business relations following the end of London’s transition period for exiting the EU.
The big reshoring question is still about how much foreign investment will shift from China due to a combination of rising production costs and more fractious diplomatic relationships.
Foreign Minister Toshimitsu Mogi from Japan confirmed that they will continue to cooperate towards the signing of the East Asian Regional Comprehensive Economic Partnership (RCEP) within the year.
The Japanese government is blocking reform of a treaty that allows energy companies to sue nation states when climate policies affect their profits.
Japan wants to reach broad consensus with the United Kingdom on trade this week, a Japanese government official said, signalling Tokyo’s desire to make progress on the bilateral trade deal before a change in government.
In the context of warming ties between China and Japan, the two countries should launch negotiations on an upgraded bilateral investment agreement as soon as possible, as well as start negotiations for a China-Japan free trade agreement.