Japan Agricultural News-Japan-UK, EPA signature Aiming to take effect at the beginning of the year

Published 2020년 10월 24일

Tridge summary

The UK and Japan have signed an Economic Partnership Agreement (EPA) that will come into effect on January 1, 2021. The agreement, similar to the EU's EPA with Japan, will avoid import quotas and apply the same tax rates. For 25 items with import quotas in the European EPA, no quarantine will be set in the UK. In case of exceeding the set limits, emergency import restriction measures will be activated. The UK and Japan are also looking forward to the UK's future access to the Trans-Pacific Partnership Agreement.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

And the UK governments 23 signed an Economic Partnership Agreement (EPA). It follows the contents of the European Union (EU) EPA, but does not set an import quota in the UK. Both governments and both parliaments approve After that, we are aiming for the entry into force on January 1, 2021. The British Minister of International Trade, Truss, came and held a signing ceremony with Foreign Minister Toshimitsu Mogi in Tokyo. In a joint press release, Foreign Minister Mogi said, "We want to use it as a foundation for strengthening and developing." Mr. Truss said that "the road will be opened" toward the accession to the Trans-Pacific Partnership Agreement (TPP) required by the United Kingdom. The same tax rate as the EPA is applied. For 25 items that have an import quota in the European EPA, no import quota is set in the UK. 10 items such as soft cheese including blue cheese, cocoa and flour-adjusted products, and the European EPA import quota Low tariffs will be applied to UK products ...

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