Officials in London and Tokyo have both confirmed have signed the historic agreement. Liz Truss, the UK trade minister, held a video conference with her Japanese counterpart this morning. The Department for International Trade confirmed the UK had signed its first post-Brexit trade deal on Friday morning.
It said in a statement: “The UK has secured a free trade agreement with Japan, which is the UK’s first major trade deal as an independent trading nation and will increase trade with Japan by an estimated £15.2billion.
“The UK-Japan Comprehensive Economic Partnership Agreement was agreed in principle by International Trade Secretary Liz Truss and Japan’s Foreign Minister Motegi Toshimitsu on a video call this morning (Friday 11 September).
“The deal is tailored to the UK economy and secures additional benefits beyond the EU-Japan trade deal, giving UK companies exporting to Japan a competitive advantage in a number of areas.
“It will help to create jobs and drive economic growth throughout the whole of the UK.”
More to follow…