Last reviewed 28 October 2020
On 23 October 2020, the UK and Japan signed a Comprehensive Economic Partnership Agreement, the first such deal reached by the UK since Brexit.
The CEPA covers trade in goods and services, including provisions on rules of origin, preferential tariffs, and quotas. Under the agreement, 99% of UK goods exported to Japan will enter tariff-free.
The CEPA will reduce tariffs on UK agricultural products, such as beef, pork, sweet biscuits, and salmon. The UK will continue to benefit from access to the low tariffs for key food and drink products, subject to quotas. The CEPA will also bring in reductions to tariffs on car parts.
The CEPA is expected to take effect from 1 January 2021.
The agreement also includes a commitment from Japan to support the UK in joining the Trans-Pacific Partnership. It is the UK Government's ambition to secure free trade agreements with countries covering 80% of UK trade by 2022.