Japan-U.K. post-Brexit trade deal takes effect

Kyodo -- Jan 01
A post-Brexit trade deal between Japan and the United Kingdom came into force Friday, ensuring business continuity and strengthening the bilateral relationship as London seeks to join the larger Trans-Pacific Partnership free trade agreement.

The two countries signed the FTA in October as the existing Japan-European Union trade pact ceased to cover the United Kingdom on Thursday, the end of the transition period following the country's exit from the European Union in January 2020.

The lack of an agreement could have resulted in impositions of higher tariffs by both countries on bilateral trade.

The deal largely duplicates the Japan-EU FTA, including gradual elimination of British tariffs on Japanese cars by 2026 and immediate removal of its duties on most Japanese agricultural goods such as beef and tea.

- Kyodo