NFU welcomes UK-Japan historic trade deal
Welcoming the UK-Japan historic trade agreement, NFU President Minette Batters said the deal’s several aspects seem to be positive for agriculture, specifically reduced tariffs on agricultural products and the increased number of geographical indications.
“Safeguards on some of our iconic products through these indications recognise the quality of the food we produce in this country and we hope this will further grow the fantastic British brand in overseas markets,” Batters added.
It must be noted here that the United Kingdom has secured a free trade agreement with Japan, which is the UK’s first major trade deal as an independent trading nation. It is likely to boost trade with Japan by an estimated £15.2 billion.
The UK-Japan Comprehensive Economic Partnership Agreement was agreed in principle by International Trade Secretary Liz Truss and Japan’s Foreign Minister Motegi Toshimitsu.