Japan Agricultural News-Japan-UK Agreement General Agreement Ministerial Meeting Tariff reduction is on par with Japan and Europe

Published 2020년 9월 12일

Tridge summary

The UK and Japan have reached an agreement on an Economic Partnership Agreement (EPA), similar to that with the EU, which will result in the reduction and elimination of product tariffs. However, no import quotas will be set for 25 items in the UK, unlike in the European EPA. The agreement is expected to be in effect from January next year, and both countries will apply the same tax rate as the European EPA. The UK is also open for negotiations for additional markets, such as the US, EU, and other countries, but the final negotiations were challenging due to issues like the import of British specialty cheeses.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The British governments 11 have generally agreed on an Economic Partnership Agreement (EPA). Reduction and elimination of product tariffs Settled with the same content as the European Union (EU) and EPA. On the other hand, 25 items with import quotas in European EPA No import quota will be set in the UK. Low tariffs will be applied to UK products only for soft cheeses including blue cheese and European EPA import quotas, which were the focus. Foreign Minister Toshimitsu Mogi and British truss international trade The minister confirmed the general agreement at a video conference. At a press conference with Foreign Minister Mogi, he emphasized that the product was "agreeed within the scope of the European EPA". "We were able to reach the general agreement at an unusual speed of three months," and signed early. After the approval of the Diet, the policy is to aim for the entry into force in January next year. At the same time as the product tariffs and the agreement come into effect, ...

Source: 日本農業新聞