To ask the Secretary of State for International Trade, what recent steps her Department have taken to increase the volume of trade between the UK and Japan.
11 June 2021
The UK-Japan Comprehensive Economic Partnership Agreement (CEPA) entered into force in January 2021. The Government’s analysis shows that in the long run, the CEPA could increase UK-Japan trade by £15.7 billion compared to a situation where there was no agreement. CEPA goes beyond the EU-Japan deal, with enhancements in areas such as digital and data, financial services, food and drink, and creative industries.
In March 2021, the Department for International Trade launched a four-month trade mission to support businesses to trade with Japan. As of the 27 May 2021, 2,000 UK and Japanese companies have been involved, and over 250 UK businesses have been introduced to Japanese buyers.