In the Japanese market, UK businesses now benefit from: You can find all additional procurement coverage that goes further than the GPA schedules in Annex 10 of the CEPA. To find out more about the arrangements, see Annex 2-A of the CEPA. Recommended. From tech and digital firms to fashion and luxury jewellery designers, London businesses could benefit significantly from the new UK-Japan trade deal. The Government of Japan provides advice on setting up a business and investing in Japan. If you’re a UK business providing services in Japan, you’ll need to follow Japanese regulations, including on: Consider appointing an English-speaking lawyer in Japan to help you comply with specific regulations. This summary also covers arrangements for access to products covered by TRQs in the EU-Japan EPA. Trade secretary Liz Truss was triumphant after signing the UK’s first major post-Brexit trade deal with Japan last week. 21 industrial goods have their duties eliminated in the CEPA tariff schedule. Nothing in the UK-Japan CEPA prevents the UK from continuing to uphold its high environmental, food safety and animal welfare standards. The following UK GIs include ‘cross-border GIs’ that relate to the territory of both Northern Ireland and the Republic of Ireland. They will also publish information on the availability of quota for imports from the UK. A British-shaped deal that goes beyond the existing EU agreement, securing bespoke benefits for British businesses and citizens. Commitments related to sanitary and phytosanitary standards (SPS) and animal welfare remain largely the same as under the EU Japan Agreement. Commitments made on government procurement between the UK and Japan have been transitioned in the CEPA without changes. This signing marks a new closer alliance between the UK and Japan, which will see our two like-minded democracies work together as the UK takes up the G7 presidency, where we will champion free trade. In Japan’s tariff schedule, 9 tariff lines covering certain leathers and hides will become duty free in 2026. It also requires the UK and Japan to waive batch testing of products on import into their territories. An employee transferring from their UK HQ to the Tokyo office will be able to bring their spouse and dependents and stay for up to five years. A list of all goods covered by this arrangement can be found in Annex 3-C of the CEPA. Perhaps most significant for the global financial community are the digital and data provisions of the UK-Japan trade deal. The UK and Japan have signed a free trade agreement (FTA) at a ceremony in Tokyo, hours before negotiations on a post-Brexit deal with the European Union are due to resume. We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. Today is a landmark moment for Britain. The UK has struck its first major post-Brexit trade pact after signing a deal with Japan that aims to boost trade between the countries by about £15bn. You can find the provisions on trade in services in Chapter 8 and Annexes (8-B-I and 8-B-II) of the CEPA. The deal is tailored to both economies and has secured that goes beyond existing EU deals, with big benefits for digital and data, financial services, food and drink, and creative industries. For malt, the UK will continue to have duty-free access to Japan’s market for malt via the existing Global TRQ. She said: "This is a historic moment for the UK and Japan as our first major post-Brexit trade deal. Goods do not require a statement of origin if they are: For exports of products that currently rely on EU inputs to access preferential tariffs, you can continue to use EU materials or processing in your exports to Japan. This Comprehensive Economic Partnership Agreement (CEPA) maintains the benefits of the EU-Japan Economic Partnership Agreement (EPA) with enhancements in areas of mutual interest. Patrick Atack in London Share . The MRA Protocol provides measures to simplify the process of demonstrating compliance with safety and other regulatory standards. Find detailed information on how the new CEPA arrangement operates. UK businesses should consult the relevant CEPA Annexes (8-B-I and 8-B-II) for the level of guaranteed fair treatment and market access for their sector. The CEPA takes all the commitments on business mobility from the EU-Japan EPA and builds on them to provide additional opportunities for the UK and Japanese suppliers in the following areas. The deal is not expected to improve on the 0.07 percent increase (some £1.5 billion over the long term) to British GDP from the agreement forecast by the government. The UK recently agreed a new deal with Japan, which will govern trade between the two countries from 2021, once the UK is not bound by the EU-Japan deal which came into … We use some essential cookies to make this website work. It is the government’s ambition to secure free trade agreements with countries covering 80% of UK trade by 2022. The quota available to Japanese importers for British products will be the entirety of any unutilised EU quota in that year. Global Business Daily: UK/Japan trade deal, Huawei growth defies 5G opposition. I am originally from the U.K. and have an in-depth understanding of business and cultural practices of both countries. Don’t include personal or financial information like your National Insurance number or credit card details. For information on Japan’s customs procedures, see the export/import guidance from the Japan Customs Agency (website in English). You may prefer to use customs clearance services to help your business with customs procedures. I have lived in Japan for over 10 years with my Japanese wife. Trade is a powerful way to deliver the things people really care about. Don’t worry we won’t send you spam or share your email address with anyone. The deal with Japan means the United Kingdom has nailed down new agreements worth just 10% of its total trade in 2019, up from about 8% in January, according to … You can find the provisions on digital in section F of Chapter 8 of the CEPA. A British-shaped deal that goes beyond the … Find out more about moving goods and using freight forwarders. We use some essential cookies to make this website work. Find out about the changes to product-specific rules. We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. Both the UK and Japan have committed to ensuring that the process for applying for visas will be clear, transparent, and with an aim that they be processed in 90 days. Added link to UK-Japan CEPA: guidance on importer’s knowledge. These GIs are listed for protection in the CEPA: You can find the provisions on GIs in Chapter 14 and Annexes (14-A and 14-B) of the CEPA. Access to products covered by tariff rate quotas (TRQs) differ in the CEPA compared to the EU-Japan EPA. Find your local trade office. To help us improve GOV.UK, we’d like to know more about your visit today. For more information related to standards, regulations and conformity assessment, see Chapter 7 and the MRA Protocol of the CEPA. Britain and Japan have formally signed a trade agreement, marking the UK's first big post-Brexit deal. Further guidance on the requirements for importer’s knowledge is available. Welcoming the news, Carolyn Fairbairn, the director general of the Confederation of British Industry, said: “The signing of the UK-Japan trade deal is a … I have created a network of business associates here in Japan that can navigate you through the process of successfully concluding a trade deal. Key points of the Japan-UK trade deal: Secures an estimated £15.2 billion of trade with Japan, over time, accounting for 0.07% of the UK’s GDP (dependant on deal or no-deal) However, Department for Trade analysis shows that in 2018, the EU-UK trade was worth £659.5 billion, while trade with Japan was worth £29.1 billion Copied "Today is a landmark moment for Britain. Tariffs on 2 tariff lines covering electrical control units often used in cars are also eliminated. The UK definition of investor now focuses on investment in UK industry and jobs, rather than the amount of capital. You can also read information on customs declarations for goods you send out of the UK or EU. The UK – Japan Comprehensive Economic Partnership Agreement was agreed in principle on 11 September 2020. The UK–Japan Comprehensive Economic Partnership Agreement was agreed in principle by Truss and Motegi on a video call on 11 September 2020. This guidance provides information on the key terms of trade for UK businesses trading under the CEPA. The importer must provide a guarantee to the customs authority. Japan has expanded the scope of their intra-corporate transferee category. This will help strengthen trade ties between the UK and 11 Pacific countries and set new standards for global trade. Commitments related to standards, regulations and conformity assessment remain largely the same as under the EU-Japan agreement. The UK-Japan Comprehensive Economic Partnership Agreement was agreed in principle by International Trade Secretary Liz Truss and Japan Foreign Minister on a video call this morning (Friday 11 September). Find out more about how your data is protected under the CEPA. To help us improve GOV.UK, we’d like to know more about your visit today. It was called a ‘historic moment’ by the British government as it was the first major trade deal for the UK as an independent nation after the announcement of the UK leaving the EU. The agreement also includes a strong commitment from Japan to support UK joining the Trans-Pacific Partnership (TPP), one of the world’s biggest free trade areas, covering 13% of the global economy and more than £110 billion of trade in 2019. Updated statement of origin value threshold after Japan notified the UK of their waiver limit under Article 3.20.2 of the CEPA. The UK signed a free trade agreement (FTA) with Japan on 23 October 2020. Find out how additional GIs will be protected under the agreement. Freight forwarding may save you time and money if you’re exporting large volumes of goods or high value items by sea or air freight. Find out about moving goods under the Northern Ireland Protocol. A claim should be based on a statement of origin by the exporter that the product is originating, or the importer’s knowledge that the product is originating. Although Japan makes up 2 percent of British trade, there is still lots to be thankful for in the agreement, experts said. Don’t include personal or financial information like your National Insurance number or credit card details. For information about import of goods by SMEs, see: information on exporting to the UK from Japan. You can change your cookie settings at any time. It shows what we can do as an independent trading nation." It shows what we can do as an independent trading nation, as we secure modern and bespoke provisions in areas like tech and services that are critical to the future of our country and the reshaping of our economy. The Japanese government provides information (in Japanese language only) on the EU-Japan EPA allocations and returns of TRQ quotas throughout the year. Its central estimate was a £2.6 billion increase after 15 years. Find out which provisions each chapter of the CEPA covers. The digital trade and IP additions which the UK has introduced to the EU-Japan deal follow closely the priorities of the US, as expressed in high-profile trade deals where the US has been influential, chiefly the United States-Mexico-Canada Free Trade Agreement (USMCA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). According to official UK data, Britain’s total trade with Japan in 2018 amounted to £29bn (£14bn of exports and £15bn of imports). It will take only 2 minutes to fill in. Updated with details of how trading with Japan will change from 1 January 2021. The working or processing you do in the UK must go beyond the minimal operations listed in the trade agreement. We’ll send you a link to a feedback form. You should consult your legal advisers if you wish to ensure you understand the legal implications of trading for your business. But it will increase trade with Japan by about £15.2 billion. This will allow additional UK products to be protected in Japan, subject to their domestic processes. Read guidance on the provisions for SMEs. Japanese importers can register an import under the BP scheme through Japan’s digitalised system for customs procedures. For example, the MRA Protocol’s good manufacturing practice for medicinal products annex requires the UK and Japan to recognise each other’s inspection and audit systems. The Department for Environment, Food and Rural Affairs (Defra) has contacted GI producers to confirm whether they would like their GI included in the agreement. For Japanese businesses trading with the UK, see information on exporting to the UK from Japan. The UK has also provided certainty that partners and dependent children of intra-corporate transferees can accompany them to the UK. Within each office, you can contact an international trade advisor. In some cases, the tariff rates may be lower than the EU-Japan EPA. The estimated boost to trade between the UK and Japan is over £15 billion, with long term economic benefits that are crucial to ‘build back better’ from Covid-19, reshaping the UK economy so it is fit for the future. The goods comprising the consignment must not have cleared customs in the EU. UK-Japan Free Trade Deal Announced Freshfields Bruckhaus Deringer LLP European Union, Japan, United Kingdom September 23 2020 ... Subsidies and the UK-Japan Agreement. The agreement also has a much wider strategic significance. Don’t worry we won’t send you spam or share your email address with anyone. International Trade Secretary Liz Truss hailed the UK-Japan agreement as a historic moment. It opens a clear pathway to membership of the Comprehensive Trans-Pacific Partnership – which will open new opportunities for British business and boost our economic security – and strengthens ties with a like-minded democracy, key ally and major investor in Britain.