9/11, 9:29 AM (Source: TeleTrader)
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UK, Japan agree on trade deal

British International Trade Secretary Liz Truss (pictured) and Japanese Foreign Minister Toshimitsu Motegi agreed on Friday on the broad outlines of a trade deal. The UK estimates the agreement will increase trade with Japan by £15.2 billion.

According to the details of the deal, UK businesses will benefit from tariff-free trade on 99% of exports to Japan. Other provisions include enhanced digital cooperation, improved market access for financial services, and improved mobility for skilled workers.

"This is a historic moment for the UK and Japan as our first major post-Brexit trade deal. The agreement we have negotiated - in record time and in challenging circumstances - goes far beyond the existing EU deal, as it secures new wins for British businesses in our great manufacturing, food and drink, and tech industries," Truss stated.

Breaking the News / DJ