Trade with Japan
A call for input to inform our approach to our future trade relationship with Japan.
The UK is currently party to the EU-Japan Economic Partnership Agreement (EPA), which entered into force in February 2019. The UK and Japan have agreed to use this EPA as the basis for a future UK-Japan free trade agreement (FTA), enhanced in areas of mutual interest. This means there is the possibility of additionality to that existing agreement reflecting the ambition of both sides.
The Department for International Trade (DIT) is now seeking input from members of the public, businesses, and any other interested parties to inform DIT of specific areas where new and additional provisions should be made.
For the moment, during her visit to Tokyo last week, the Secretary of State for International Trade, Lis Truss, announced the launch of the call for input to better understand the interests of the United Kingdom in an enhanced agreement with Japan.
Since the new deal will be based on the EU-Japan EPA, the questions in the call for input are focussed on asking how stakeholders would want to improve the existing agreement. The call for input has been launched on gov.uk and can be found here: https://www.gov.uk/government/consultations/trade-with-japan
The call for input will run for six weeks, closing on the 4th November. DIT will be holding further stakeholder engagement events throughout the call for input period and will share further details with you over the coming weeks. BIFA would encourage Members with an interest in Japanese trade to participate in the consultation and circulate this information to customers who have similar interests.