Ellie Newis reviews two of the flagship free trade agreements that were supposed to reignite the UK economy.
£1.5bn GDP boost from UK-Japan trade deal is not on top of existing EU-Japan deal benefits
15/09/2020
These estimated benefits are relative to 2018 when the UK (as part of the EU) had no FTA with Japan.
Especially if you supported Leave. It's a brutal, lengthy, detailed dissection of all the potential economic damage leaving the EU will do to the UK.
We’ve upset Japan, China and Bangladesh this week alone – post-Brexit Britain won’t have any trade links at this rate
22/02/2019
‘Global Britain’ now apparently means making silly gestures and pretending to be more powerful than we are, at enormous cost to our economic well-being.
Doubts are growing in Whitehall that a UK-Japan trade deal will be completed by next week’s deadline, despite Downing Street saying just yesterday the target would be met.
UK will be told to lift ban on hormone-treated beef to join key trade bloc, leaked memo suggests
08/02/2022
The UK will be told to lift its ban on hormone-treated beef to achieve its post-Brexit dream of joining a key trade bloc, a leaked government memo suggests.
Deals to ensure UK can go on trading with non-EU countries after Brexit transition must be laid before parliament by Wednesday.
Government accused of ‘failure and broken promises’, as exports set to slump next year.
UN figures show value of British goods and services exports rose by 6% between 2012 and 2021, compared with 29.1% for EU.
Japan this week started offering a digital nomad visa, which will allow Britons to work remotely from the country for nine months without paying local income taxes.
Even if Brexit deal is reached, decision means vehicles without enough British components will attract tariffs.
Fresh inward investment in the sector plummeted in 2018, down 46.5 per cent on 2017 to just £588.6m.
Despite hopes for a good free trade deal with Japan, the United Kingdom is unlikely to improve on the recent agreement between Tokyo and Brussels, and could end up worse off, experts say.
Business Secretary Greg Clark said the U.K. isn’t likely to reach agreements with Japan and South Korea to roll over existing trade deals before Britain’s scheduled departure from the European Union on March 29.
Trading the orchard for an apple
03/03/2021
So far, in the first two months of Brexit, the following industries have indicated that they have been harmed: Aerospace; Airlines; Architecture; Art and Antiques; Beer; Bees; Cattle and horse breeding; Charities; Cheese; Chemicals; Cars; Classic Cars; Construction; Cosmetics and Perfume; e-Commerce; Fabrics; Fashion; Ferry services; Film and TV production; Financial Services; ...
Trade: First year of the EU-Japan Economic Partnership Agreement shows growth in EU exports - European Commission
31/01/2020
1 February 2020 marks the first anniversary of the entry into force of the EU-Japan Economic Partnership Agreement (EPA). In the first ten months following the implementation of the agreement, EU exports to Japan went up by 6.6% compared to the same period the year before.
A no-deal Brexit will mean the UK trading under World Trade Organisation rules with some countries, including Japan and Turkey.
Top Japanese official issues ominous warning to Theresa May's Government, saying 'no-deal' Brexit would be 'impossible for us to accept'
21/07/2018
Shinichi Iida, a minister in the London embassy, said Japanese manufacturers are holding off on committing to the UK with new investments due to the uncertainty – and that potential new investors are steering clear of Britain.
Respondents cite new procedures and paperwork among negatives of breakup.
Almost every nation at some point believes it’s special and on a mission. They’re all wrong, and the sooner we get over this nonsense, the better.
Should the aim be limiting damage or designing a bold future? / Japanese negotiators remain skeptical about the U.K.’s ability to handle multiple FTA negotiations simultaneously / What is evident, however, is that no country wants to conclude a definitive trade deal with the U.K. without knowing the final shape of the EU-U.K. partnership.
The Japanese Memo on Brexit
28/09/2016
Japan recently released a rather extraordinary memo on the Ministry of Foreign Affairs website. It provides clear, frank and specific recommendations to both the UK and the European Union (EU) on the topic of the impending separation of the UK from the EU.