English: Agreement between Japan and the United Kingdom of Great Britain and Northern Ireland for a Comprehensive Economic Partnership Japanese: ć æŹçăȘç”æžäžăźéŁæșă«éąăăæ„æŹćœăšă°ăŹăŒăăăȘăăłćăłćăąă€ă«ă©ăłăéŁćçćœăšăźéăźććź | |
---|---|
Type | Free trade agreement |
Context | Trade agreement between Japan and the United Kingdom |
Drafted | 11 September 2020 |
Signed | 23 October 2020 |
Location | Tokyo, Japan |
Effective | 1 January 2021 |
Condition | Approval by all signatories |
Negotiators |
|
Parties | |
Languages |
The JapanâUnited Kingdom Comprehensive Economic Partnership Agreement (CEPA) (Japanese: æ„è±ć æŹçç”æžéŁæșććź) is a free trade agreement between the United Kingdom and Japan. [1] [2] The agreement was agreed in principle by both parties in September 2020 and signed in Tokyo in October 2020, following the United Kingdom's withdrawal from the European Union in January 2020. It entered into force at the end of the transition period on 31 December 2020. [3]
On 9 June 2020 Toshimitsu Motegi, Japan's Minister for Foreign Affairs, and Liz Truss, the UK's Secretary of State for International Trade, agreed to launch negotiations and to establish the future economic partnership between Japan and the United Kingdom. [4] On 10 June 2020 the first meeting of chief negotiators was held after the launch of negotiations on the future economic partnership between Japan and the UK. [5] This was followed by video conference rounds on 24 June, and on 8, 15, 22 and 29 July. [6] [7] [8] [9] [10] The seventh, and final, round was held on 3 August. [11]
The agreement is largely similar to the European UnionâJapan Economic Partnership Agreement concluded in February 2019, but with small changes made in regards to financial services, digital trade and rules of origin. [12]
The UKâJapan Comprehensive Economic Partnership Agreement was agreed in principle by Truss and Motegi on a video call on 11 September 2020. [13]
The UKâJapan Comprehensive Economic Partnership Agreement wasâŻsignedâŻby International Trade SecretaryâŻLiz Truss and Japan's Foreign MinisterâŻMotegiâŻToshimitsuâŻin Tokyo 23 October 2020. [14]⯠âŻ
On 23 October 2020, the UK Government published the text of the Agreement. [15]
"The quota available to Japanese importers for British products will be the entirety of any unutilised EU quota in that year." [16]