Cabinet decision on approval proposal Japan-UK EPA aiming to take effect at the beginning of the year

Published 2020년 11월 5일

Tridge summary

The government has approved an Economic Partnership Agreement (EPA) with the United Kingdom, which is expected to take effect on January 1st. The EPA is similar to the one agreed with the European Union, including the reduction and elimination of product tariffs. The agreement does not set an import quota for 25 items that had a quota in the European EPA. The UK EPA will also apply low tariffs to UK products for any surplus. The transition period for the European EPA tariff rate will end in December.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The government approved a proposal for approval of an Economic Partnership Agreement (EPA) with the United Kingdom, which was generally agreed in April and September. Same contents as the European Union (EU) and EPA regarding reduction and elimination of product tariffs. Submitted to the extraordinary parliament and approved within the session. The UK EPA is aiming to take effect on January 1st next year. The UK EPA did not set an import quota for 25 items that had an import quota in the European EPA. The focus was on soft cheese including blue cheese and the European EPA import quota. Low tariffs will ...

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