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UK will not achieve Japan free trade pact

The government has confirmed that it will not be able to match existing European Union trade pacts with Japan in the event of a no-deal Brexit. 

The EU and Japan’s Economic Partnership Agreement (EPA) came into force on 1 February. It reduces duty on most goods to Japan. 

A document released on Thursday by the Department for Trade showed it was seeking to continue 40 trade deals currently covered by EU membership, before the UK’s scheduled departure from the block on 29 March. 

However, it has ruled out being able continue a deal with Japan in time. 

International trade secretary Liam Fox’s department wrote in the document: “It is unlikely that we will reach an agreement prior to exit day.” 

 

 

 

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