UK agrees first major post-Brexit trade deal with Japan

Updated 12 Sep, 2020

LONDON: Britain on Friday said it had secured its first major post-Brexit trade agreement - a free trade deal with Japan - the day after bitter wranglings with the European Union.

The Department for International Trade said the deal, which largely replicates the current EU-Japan deal, will be worth £15.2 billion ($19.5 billion, 16.5 billion euros).

The UK-Japan Compreh-ensive Economic Partnership Agreement was agreed in principle by International Trade Secretary Liz Truss and Japan Foreign Minister Toshimitsu Motegi during a video call on Friday. Bilateral trade is currently conducted under the EU-Japan deal that came into effect last year, but that agreement will no longer apply to Britain from December 31.

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