Uk Japan Trade Agreement Text

Updates:19 November 2020 – Added a Commons International Trade Committee report under “some analysis,” 26 October 2020 , adding writeable versions of UK and Japanese product plans; “some analysis” section (other links will be added when a new analysis emerges) Japan has also guaranteed a major trade agreement with a long-standing ally and has strengthened against the potential of a Brexit without a deal. Japan, along with other allies in the region, is in the early stages of building a coalition to support its national security. Tokyo considers the inclusion of the “Five Eyes” community, which includes the United States, the United Kingdom, Canada, Australia and New Zealand, to be the key to strengthening this coalition and Japan`s ability to collect intelligence. While not directly related to this objective, a consensus conclusion of the Uk-Japanese EPA should help Japan convince the United Kingdom to support its membership as a “sixth eye” to this like-minded intelligence community. With this limited success to the Uk-Japanese EPA, the United Kingdom is banking on the negotiation of a favourable free trade agreement with the United States in order to further improve its negotiating position with Brussels. That hope, however, has been made difficult by the recent US presidential election, where pro-Brexit Donald Trump opposed a more Eurocentric Joe Biden. While Donald Trump was open to negotiating a free trade agreement with the UK with few conditions, Joe Biden is so good that any free trade agreement with the UK depends on compliance with the terms of the Good Friday agreement, which would prohibit the imposition of a hard border between Northern Ireland and the Republic of Ireland. With Joe Biden`s victory, this condition seems to have blunted the threat of a hard border in trade negotiations between Britain and the EU. It remains to be seen what the impact of the new Government in Washington will be, but it is likely that the UK will be able to secure major concessions from the European Union. The price tables in the original files are images.

They have been transformed by Twitter users “slroot” @schnoogsl (see Tweet) on this page into an unsejoyed text comparing the chapter-by-chapter agreement to the EU-Japan agreement (here all the details). The agreement also allows the UK to request up to seventy other geographical indications for its products, in addition to the seven currently available to the UK under the EU-Japan EPA. These geographical indications are used to protect products originating in designated areas in the United Kingdom and Japan from unauthorized replication. Scotch whisky, Kobe beef and other local dishes are examples of products that receive such a name. The EU-Japan EPA also provides for these geographical denominations; however, the UK will now be able to benefit more. The UK Department for International Trade said it expected the benefits of the agreement to improve trade between countries by around 15.2 billion pounds and increase UK GDP by 0.07% (about 1.5 billion pounds) by removing tariffs on 99% of its exports to Japan. However, critics doubt that this is an improvement over the substantive conditions of the EPA between the EU and Japan. On 23 October 2020, the British government published the text of the agreement. [14] British Trade Minister Liz Truss and Motegi have both announced the inclusion of a chapter on digital trade in the Uk-Japanese EPA, which withdraws the EU-Japan EPA agreement.