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Original title: Heavy! Britain won the first major trade deal in the “post-Brexit era,” and Britain and Japan reached a free trade agreement.
Summary
[Gran Bretaña gana el primer gran acuerdo comercial en la “era posterior al Brexit”; Gran Bretaña y Japón alcanzaron un acuerdo de libre comercio]On September 11, the British government issued a statement in which it stated that in a video conference held today, the British Secretary of State for International Trade Truth and Japan Chancellor Toshimitsu Motegi reached an agreement on a bilateral free trade agreement, which was the first major trade agreement signed by the UK as an independent trading nation. Once the deal goes into effect, 99% of Britain’s exports to Japan will enjoy tariff-free treatment and trade with Japan is expected to increase by 15.2 billion pounds (about 133.5 billion yuan). (21st century business herald)
On September 11, the British government issued a statement saying that the video made todaymeetingin,UKinternational tradeMinister Truss and Japan’s Foreign Minister Toshimitsu Motegi reached an agreement on a bilateral free trade agreement, which was the first major trade agreement signed by the UK as an independent trading nation. Once the deal went into effect, 99% of Britain from JapanTo exportWill enjoyZero feeTreatment, trade volume with Japan is expected to increase by 15.2 billionGBP(ApproximatelyRMB133.5 billion yuan)。
According to UK government estimates, the UK-Japan Free Trade Agreement will create an additional £ 1.5bn value for the UK economy and providejobThis generates 800 million pounds of new revenue.
In terms of industry, the Britishmanufacturing,financialServiceIndustry andfood and drinkThe industry will benefit enormously. According to data officially published by the United Kingdom, in 2019, the United Kingdom and Japanbilateral tradeThe amount is 31.6 billion pounds. Japan is Great BritainindustryMianinvestmentFang, especiallyconsumptionIn the auto manufacturing and electronics industries, once the free trade agreement takes effect, the large Japanese car company Nissan and the electronics giant Hitachi will benefit from lower tariffs on parts and components.
In response to the earlier agreement, Motegi said that it agreed in principle to a bilateral trade agreement with the United Kingdom. Under the new agreement, the United KingdommarketAccess will getto get better, Including the Japan-Europe Agreementauto partsWaitproduct。
For Motegi himself, it was thenegotiationThe person in charge must finalize the matter before the new prime minister is released, because the new prime minister will reorganize the cabinet after it is confirmed. The Free Trade Agreement between the UK and Japan has yet to be approved by the parliaments of both sides.Motegi Toshimitsu expressed his hope that the agreement will come into effect in January next year.
For the UK,The free trade agreement reached with Japan this time will become a broad and progressiveThe Pacific OceanA key step in the Association Agreement (CPTPP)。
UKinternational tradeMinister Truss stated in a statement: “strategyIn a sense, the deal is a crucial step for the UK to join the CPTPP, and the UK will have the opportunity to join a modern free trade circle with like-minded people. “
On September 9, the British government announced that the country’s trade officials and key negotiators from CPTPP participating countries, such as Japan, had the first consultation. The British side saw this as a preparatory consultation and stated that if it decides to join the deal, it will start.Formal negotiation。
Some analysis pointed out thatIf the UK and the EU cannot come to an agreement, the size of the Free Trade Agreement between the UK and Japan will not be enough to compensate for the loss of UK exports to the EU.。
The UK already withdrew from the European Union on January 31, 2020 and is currently in a transition period from the European Union, which will end on January 1 of next year. There have been seven rounds of negotiations between the UK and the European Union, but the first seven rounds of negotiations ended without results. With the recent ups and downs, the possibility of a hard Brexit in the UK is increasing. On September 7 local time, British Prime Minister Johnson frankly declared that he would give the EU 38 days to reach a “Brexit” deal. Barnier, the main EU representative for the Brexit negotiations, arrived in London on September 9 to hold the latest round of trade talks with the UK. On September 10, the European Union issued an ultimatum to the UK, requesting the latter to withdraw a settlement proposal tabled in the British Parliament, saying that this proposal violates the agreement previously reached by the two parties.
(Source: 21st Century Business Herald)
(Responsible editor: DF512)
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