Britain and Japan are all set to ink a trade deal on October 23, at a ceremony in Tokyo. The deal marks London’s first major post-Brexit agreement as UK, with the European Union (EU) holds an intense round of negotiations.
Britain’s International Trade Minister Liz Truss is in Tokyo to sign the deal with Japanese Foreign Minister Toshimitsu Motegi. This comes after it was agreed in principle by the two sides during a video call last month.
Covering sectors from food to textiles and tech, the deal largely replicates the existing EU-Japan arrangement, which at the end of this year will no longer apply to Britain. Due to take effect on January 1, the deal is an opportunity for the British government to boost trade between the two countries by 15.2 billion pounds ($19.5 billion).