UK signs first major post-Brexit trade deal with Japan

Sun Online Desk

13th September, 2020 01:46:27 printer

UK signs first major post-Brexit trade deal with Japan

 

The UK has struck its first major post-Brexit trade pact after signing a deal with Japan that aims to boost trade between the countries by about £15bn.

International Trade Secretary Liz Truss said it was a "historic moment".

She said it would bring "new wins" for British businesses in manufacturing, food and drink, and tech industries.

Critics said while the deal may be of symbolic importance it would boost UK GDP by only 0.07%, a fraction of the trade that could be lost with the EU, BBC reported.

Friday's deal still needs approval by Japan's parliament, which the country's Foreign Minister Toshimitsu Motegi forecast would be passed by January.


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