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Full Press Release On UK-Japan Comprehensive Economic Partnership

UK

UK side talking up the nature of the 'broad agreement' between the UK and Japan on trade.

  • Full press release from gov't: https://www.gov.uk/government/news/uk-and-japan-agree-historic-free-trade-agreement
  • "Cutting-edge digital & data provisions that go far beyond the EU-Japan deal. These will enable free flow of data whilst maintaining high standards of protection for personal data. We have also committed to uphold the principles of net neutrality, as well as introducing a ban on data localisation, which will prevent British businesses from having the extra cost of setting up servers in Japan."
  • "Improved market access for UK financial services – including greater transparency and streamlined application processes for UK firms seeking licences to operate in Japan. The deal creates an annual dialogue between Her Majesty's Treasury, UK financial regulators, and the Japanese FSA that will explore ways to further reduce regulatory friction..."
  • "Strong tariff reductions for UK pork and beef exports"
  • "Supporting UK car and rail manufacturing – supporting major investors in the UK like Nissan and Hitachi through reduced tariffs on parts coming from Japan, streamlined regulatory procedures and greater legal certainty for their operations."

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