Japan and the UK have secured a free trade agreement estimated to increase trade between the two countries by £15.2 billion ($19.25 billion). It will give UK companies exporting to Japan a competitive advantage in a number of areas as and promises to reduce duties and regulatory barriers on imported vehicles and parts from Japan. According to the UK government’s Department for International Trade, UK businesses will benefit from tariff-free trade on 99% of exports to Japan and government analysis shows that a deal with Japan would deliver a £1.5 billion boost to the UK economy
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