U.K. close to first major post-Brexit trade deal after negotiations with Japan
Both sides expect to sign a deal by September, barring any last minute hitches
By Archie Mitchell, MarketWatch
July 30, 2020
The U.K. is weeks away from signing its first major trade deal since it left the European in January, according to media reports on Wednesday.
The U.K. has made a breakthrough in talks with Japan and the two countries will sign a free-trade agreement soon.
The U.K. published an outline of its objectives for a trade deal with Japan in May and talks began in June.
Trade Secretary Liz Truss said in June: “We both share a desire to have this agreement in force by the end of the Transition Period, if at all possible. So after commencing today our teams will move quickly to complete negotiations.”
Both sides now expect to sign the deal by September, though this is barring any last minute hitches that could derail the agreement.
A free trade deal with Japan could mark a milestone in the U.K.’s departure process from the European Union and could be an encouraging sign as talks continue with the United States, Australia, New Zealand and others...