Japan–United Kingdom Comprehensive Economic Partnership Agreement Explained

Japan–United Kingdom CEPA
Long Name:English: Agreement between Japan and the United Kingdom of Great Britain and Northern Ireland for a Comprehensive Economic Partnership
Japanese: 包括的な経済上の連携に関する日本国とグレートブリテン及び北アイルランド連合王国との間の協定
Type:Free trade agreement
Context:Trade agreement between Japan and the United Kingdom
Date Drafted:11 September 2020
Date Signed:23 October 2020
Location Signed:Tokyo, Japan
Date Effective:1 January 2021
Condition Effective:Approval by all signatories
Negotiators:
Parties:

The Japan–United Kingdom Comprehensive Economic Partnership Agreement (CEPA) (Japanese: 日英包括的経済連携協定) is a free trade agreement between the United Kingdom and Japan.[1] [2] The agreement was agreed in principle by both parties in September 2020 and signed in Tokyo in October 2020, following the United Kingdom's withdrawal from the European Union in January 2020. It entered into force at the end of the transition period on 31 December 2020.[3]

History

On 9 June 2020 Toshimitsu Motegi, Japan's Minister for Foreign Affairs, and Liz Truss, the UK's Secretary of State for International Trade, agreed to launch negotiations and to establish the future economic partnership between Japan and the United Kingdom.[4] On 10 June 2020 the first meeting of chief negotiators was held after the launch of negotiations on the future economic partnership between Japan and the UK.[5] This was followed by video conference rounds on 24 June, and on 8, 15, 22 and 29 July.[6] [7] [8] [9] [10] The seventh, and final, round was held on 3 August.[11]

The agreement is largely similar to the European Union–Japan Economic Partnership Agreement concluded in February 2019, but with small changes made in regards to financial services, digital trade and rules of origin.[12]

The UK–Japan Comprehensive Economic Partnership Agreement was agreed in principle by Truss and Motegi on a video call on 11 September 2020.[13]

The UK–Japan Comprehensive Economic Partnership Agreement was signed by International Trade Secretary Liz Truss and Japan's Foreign Minister Motegi Toshimitsu in Tokyo 23 October 2020.[14]    

Legal & treaty text

On 23 October 2020, the UK Government published the text of the Agreement.[15]

Areas Covered in the FTA

"The quota available to Japanese importers for British products will be the entirety of any unutilised EU quota in that year."[16]

See also

Notes and References

  1. Web site: Tsuruoka. Michito. April 2, 2020. The Shape of a Japan-UK Free Trade Agreement. live. https://web.archive.org/web/20210121170408/https://thediplomat.com/2020/04/the-shape-of-a-japan-uk-free-trade-agreement/. January 21, 2021. The Diplomat.
  2. Web site: UK and Japan agree historic free trade agreement. 2020-09-11. 2020-09-11. https://web.archive.org/web/20200911085404/https://www.gov.uk/government/news/uk-and-japan-agree-historic-free-trade-agreement. live.
  3. Web site: Agreement between the United Kingdom of Great Britain and Northern Ireland and Japan for a Comprehensive Economic Partnership. UK Treaty database. 2 February 2021. 18 January 2021. https://web.archive.org/web/20210118155217/https://treaties.fco.gov.uk/responsive/app/consolidatedSearch/#search/v=list,c=1,q=qs%3D%5BComprehensive%20Economic%20Partnership%20Agreement%5D%2CqueryType%3D%5B64%5D,sm=s,l=library2_lib. live.
  4. Web site: Video Teleconference Talk between Foreign Minister Mr. MOTEGI Toshimitsu and The Rt Hon Elizabeth Truss MP, Secretary of State for International Trade and President of the Board of Trade of the United Kingdom. Ministry of Foreign Affairs of Japan. June 9, 2020. September 18, 2020. October 23, 2020. https://web.archive.org/web/20201023063346/https://www.mofa.go.jp/press/release/press4e_002841.html. live.
  5. Web site: First Chief Negotiators' Meeting on the Future Economic Partnership between Japan and the United Kingdom. Ministry of Foreign Affairs of Japan. June 11, 2020. September 18, 2020. June 18, 2020. https://web.archive.org/web/20200618051304/https://www.mofa.go.jp/ecm/ie/page22e_000913.html. live.
  6. Web site: Second Chief Negotiators' Meeting on the Future Economic Partnership between Japan and the United Kingdom. Ministry of Foreign Affairs of Japan. June 25, 2020. September 18, 2020. July 7, 2020. https://web.archive.org/web/20200707030855/https://www.mofa.go.jp/ecm/ie/page23e_000589.html. live.
  7. Web site: Third Chief Negotiators' Meeting on the Future Economic Partnership between Japan and the United Kingdom. Ministry of Foreign Affairs of Japan. July 9, 2020. September 18, 2020. July 17, 2020. https://web.archive.org/web/20200717033626/https://www.mofa.go.jp/ecm/ie/page22e_000919.html. live.
  8. Web site: Fourth Chief Negotiators' Meeting on the Future Economic Partnership between Japan and the United Kingdom. Ministry of Foreign Affairs of Japan. July 16, 2020. September 18, 2020. October 26, 2021. https://web.archive.org/web/20211026205710/https://www.mofa.go.jp/ecm/ie/page22e_000920.html. live.
  9. Web site: Fifth Chief Negotiators' Meeting on the Future Economic Partnership between Japan and the United Kingdom. Ministry of Foreign Affairs of Japan. July 27, 2020.
  10. Web site: Sixth Chief Negotiators' Meeting on the Future Economic Partnership between Japan and the United Kingdom. Ministry of Foreign Affairs of Japan. July 29, 2020. September 18, 2020. October 26, 2021. https://web.archive.org/web/20211026205726/https://www.mofa.go.jp/page1e_000279.html. live.
  11. Web site: Seventh Chief Negotiators' Meeting on the Future Economic Partnership between Japan and the United Kingdom. Ministry of Foreign Affairs of Japan. August 4, 2020. September 18, 2020. October 26, 2021. https://web.archive.org/web/20211026205702/https://www.mofa.go.jp/ecm/ie/page24e_000255.html. live.
  12. News: Lanktree. Graham. 2020-09-11. 5 things to know about the UK-Japan. Politico.
  13. Web site: 11 September 2020. UK and Japan agree historic free trade agreement. live. https://web.archive.org/web/20210510030738/https://www.gov.uk/government/news/liz-truss-kick-starts-trade-negotiations-with-japan. 10 May 2021. Gov.UK.
  14. Web site: UK and Japan sign free trade agreement. Department for International Trade. 2020-10-26. 2020-10-22. 2020-10-27. https://web.archive.org/web/20201027035811/https://www.gov.uk/government/news/uk-and-japan-sign-free-trade-agreement. live.
  15. https://www.gov.uk/government/publications/ukjapan-agreement-for-a-comprehensive-economic-partnership-cs-japan-no12020 UK/Japan: Agreement for a Comprehensive Economic Partnership
  16. Web site: Trade with Japan. 2021-10-26. 2021-10-22. https://web.archive.org/web/20211022150322/https://www.gov.uk/guidance/summary-of-the-uk-japan-comprehensive-economic-partnership-agreement#tariff-rate-quotas. live.

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