Uk Agreement With Japan
Once the economic alliance is in place, Japan also hopes to deepen its security alliance with the UK and its partners. It hopes that London will play a greater role in security in the Far East and ultimately deploy military units in the Indo-Pacific region, a strategy aimed at curbing China`s expansionist policies in the region. “It is of the utmost importance that the supply chain between the UK and the EU be maintained after the UK`s withdrawal,” he said. But tariffs or no tariffs, a trade agreement is unlikely to lead to the growth of food and beverage exports overnight. Cultural differences with Japan require understanding and adaptation, while for products such as cheese, it may be necessary to invest more in marketing and education. “Having access to the market is one thing. The market presence is very different,” said John Giles, president of the Chartered Chartered Institute of Marketing for food, drink and agriculture. Both countries hail the agreement as a “historic moment” and are working to strengthen their economic relations. Tokyo also hopes that Britain will play a greater role in Indopapacific security in order to curb China`s expansion. To further strengthen relations between the United Kingdom and Japan, prime minister Yoshihide Suga`s government will support London`s attempt to join the Trans-Pacific Partnership (TPP) free trade agreement, which brings together 11 countries, including Australia, Canada, Singapore, Vietnam, Malaysia and Chile. Japan`s parliament on Friday approved a trade deal with Britain, which is due to come into force on 1 January.
Many Japanese companies operating in the UK use continental European delivered parts to build their products, which are then returned to those markets. For them to work smoothly after Brexit, the UK must also sign a trade deal with the EU. While London and Tokyo have paved the way for trade, they are also exploring closer security ties, including exchanges with Japanese intelligence gathered by the “Five Eyes” agreement from the United States, the United Kingdom, Canada, Australia and New Zealand. “Of course, the main reason for his visit was to discuss Brexit and the new free trade agreement between London and Tokyo, but China was certainly on the agenda and Japan is very keen to strengthen security ties with Britain and the United States to counter China`s rise,” said Go Ito , Professor of International Relations at Meiji University in Tokyo. “It ensures continuity, so that after the end of the year, if the UK is no longer treated as an EU member for international free trade agreements, trade with Japan can continue under the same conditions,” he said. However, under the new agreement, tariffs on Japanese cars will be phased in until 2026, similar to the existing agreement between Japan and the EU. Britain must also “immediately remove tariffs on railway cars and auto parts.” With regard to agricultural imports into Japan, the new agreement will not introduce new quotas with lower tariffs, although London wanted to increase Stilton`s blue cheese exports. According to the report, Japanese companies operating in the UK and Europe “are still sceptical about whether London sponsors the free trade agreement with the bloc by the end of the transition period.” Trade Minister Liz Truss triumphed after signing the UK`s first major trade deal after Brexit with Japan last week. “It used to be said that an independent Britain is not in a position to enter into major trade deals or that it would take years before it was concluded,” she said.
“But today we proved that the `no` `no` was wrong in this revolutionary British market… In an agreed record time. The UK government said the agreement would increase the