It will take only 2 minutes to fill in. The CEPA replicates commitments for preferential guaranteed market access and fair treatment for services suppliers and investors from the EU-Japan EPA. We also use cookies set by other sites to help us deliver content from their 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. You should consult your legal advisers if you wish to ensure you understand the legal implications of trading for your business. 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. All content is available under the Open Government Licence v3.0, except where otherwise stated, UK–Japan Comprehensive Economic Partnership Agreement (CEPA), UK-Japan Comprehensive Economic Partnership Agreement, UK-Japan CEPA: tariff rate quota (TRQ) scheme technical notice, Coronavirus (COVID-19): guidance and support, Transparency and freedom of information releases. Access to products covered by tariff rate quotas (TRQs) differ in the CEPA compared to the EU-Japan EPA. Added link to UK-Japan CEPA: guidance on importer’s knowledge. 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. 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 will allow additional UK products to be protected in Japan, subject to their domestic processes. For information about import of goods by SMEs, see: information on exporting to the UK from Japan. The requirements for claiming preference remain largely unchanged. 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 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 … Britain and Japan have formally signed a trade agreement, marking the UK's first big post-Brexit deal. 21 industrial goods have their duties eliminated in the CEPA tariff schedule. For the provisions on animal welfare, see Chapter 18 Section B of the CEPA. The CEPA provides for the availability of visas for highly skilled professionals to work in Japan. You may prefer to use customs clearance services to help your business with customs procedures. I am originally from the U.K. and have an in-depth understanding of business and cultural practices of both countries. 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. The Japanese government provides information (in Japanese language only) on the EU-Japan EPA allocations and returns of TRQ quotas throughout the year. You can change your cookie settings at any time. It will take only 2 minutes to fill in. Trade between the UK and Japan only accounts for 0.07% of UK GDP, in absolute terms that represents £15 billion to the UK economy. The UK definition of investor now focuses on investment in UK industry and jobs, rather than the amount of capital. Find out about moving goods under the Northern Ireland Protocol. In some cases, the tariff rates may be lower than the EU-Japan EPA. The CEPA includes annexes covering a range of sectors: The CEPA replicates the effect of the EU-Japan Mutual Recognition Agreement (MRA) for Conformity Assessment, through a new Protocol on Mutual Recognition (MRA Protocol). Goods transited through third countries (including the EU) still benefit from preferential treatment. She said: "This is a historic moment for the UK and Japan as our first major post-Brexit 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. Transit through any other country is possible provided your goods remain under customs surveillance and do not undergo operations other than: You can find the provisions on rules of origin in Chapter 3 and Annexes (3-A to 3-E) of the CEPA. You can also contact your local chamber of commerce for advice. You can use online tools to check product-specific and country-specific information on tariffs and regulations: These tools are regularly updated to reflect any changes. For more information related to standards, regulations and conformity assessment, see Chapter 7 and the MRA Protocol of the CEPA. Commitments made on government procurement between the UK and Japan have been transitioned in the CEPA without changes. Updated with details of how trading with Japan will change from 1 January 2021. Don’t worry we won’t send you spam or share your email address with anyone. If you have queries about trade, contact the Department for International Trade (DIT) using the transition period enquiries form. 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. For example, you can split a consignment in the EU when exporting goods to Japan. It shows what we can do as an independent trading nation." 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. 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 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. “It used to be said that an independent UK would not be able to strike major trade deals, or they would take years to conclude,” she proclaimed. The Government of Japan provides advice on setting up a business and investing in Japan. The FTA with the US, originally pitched as a key element of the post-Brexit agenda, appears some way off. We’ll send you a link to a feedback form. To help us improve GOV.UK, we’d like to know more about your visit today. The Government of Japan has information on applying for Japanese visas. The UK has also provided certainty that partners and dependent children of intra-corporate transferees can accompany them to the UK. Don’t worry we won’t send you spam or share your email address with anyone. In Japan’s tariff schedule, 9 tariff lines covering certain leathers and hides will become duty free in 2026. Find out more about how your data is protected under the CEPA. 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). The deal brings together 2 of the world’s most technologically advanced nations, placing the UK at the forefront of shaping new global standards on digital trade. We also use cookies set by other sites to help us deliver content from their services. Copied "Today is a landmark moment for Britain. This summary also covers arrangements for access to products covered by TRQs in the EU-Japan EPA. You can also read information on customs declarations for goods you send out of the UK or EU. Its central estimate was a £2.6 billion increase after 15 years. The importer must provide a guarantee to the customs authority. Don’t include personal or financial information like your National Insurance number or credit card details. Important step towards joining the Comprehensive Trans-Pacific Partnership free trade area –which would result in closer ties with 11 Pacific countries. The UK signed a free trade agreement (FTA) with Japan on 23 October 2020. Commitments related to standards, regulations and conformity assessment remain largely the same as under the EU-Japan agreement. You can find the provisions on digital in section F of Chapter 8 of the CEPA. A British-shaped deal that goes beyond the existing EU agreement, securing bespoke benefits for British businesses and citizens. 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 … It also requires the UK and Japan to waive batch testing of products on import into their territories. Updated 'Small consignments and waivers' information with UK waiver limit. [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. The MRA Protocol provides measures to simplify the process of demonstrating compliance with safety and other regulatory standards. They will also publish information on the availability of quota for imports from the UK. Our trade with the rest of … The UK-Japan Comprehensive Economic Partnership Agreement was signed by International Trade Secretary Liz Truss and Japan’s Foreign Minister Motegi Toshimitsu in Tokyo this morning (Friday 23 October). On 11th September, the UK-Japan trade deal was announced to come into effect at the beginning of 2021. You can find the provisions on SPS in Chapter 6 of the CEPA. One tariff line covering industrial ethanol has had duties eliminated. International Trade Secretary Liz Truss hailed the UK-Japan agreement as a historic moment. Don’t include personal or financial information like your National Insurance number or credit card details. Find your local trade office. 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. The CEPA also provides additional enhancements to strengthen commitments on: The ability to supply financial services in the Japanese market will continue to be governed by Japan’s financial regulatory authorities. The UK – Japan Comprehensive Economic Partnership Agreement was agreed in principle on 11 September 2020. Commitments on tariffs for the vast majority of products traded between the UK and Japan have been transitioned in CEPA without changes. The UK and Japan have agreed a free trade deal, as Britain races to secure easy access to overseas markets in preparation for leaving the Brexittransition period at the end of the year. 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. 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. For Japanese businesses trading with the UK, see information on exporting to the UK from Japan. Find out how additional GIs will be protected under the agreement. 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. 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 CEPA contains measures aimed at supporting e-commerce between the UK and Japan. Japanese importers can register an import under the BP scheme through Japan’s digitalised system for customs procedures. The other relevant conditions must also be fulfilled. The working or processing you do in the UK must go beyond the minimal operations listed in the trade agreement. But it will increase trade with Japan by about £15.2 billion. One way of doing this is via a Banker’s Guarantee. Global Business Daily: UK/Japan trade deal, Huawei growth defies 5G opposition. Protection in Japan for more UK GIs will be possible under the CEPA. Tariffs on 2 tariff lines covering electrical control units often used in cars are also eliminated. Under the CEPA, the UK will continue to have access to the same preferential tariff rate as in the EU-Japan EPA for 10 TRQs: See the high level summary of agri-food market access. We use some essential cookies to make this website work. 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 … The measures within this section are aimed at: The government has published a summary of the CEPA provisions related to digital and data. 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 The CEPA also creates an annual dialogue between Her Majesty’s Treasury, UK financial regulators, and the Japanese FSA that will explore ways to further reduce regulatory friction. To find out more about the arrangements, see Annex 2-A of the CEPA. A list of all goods covered by this arrangement can be found in Annex 3-C of the CEPA. It is the government’s ambition to secure free trade agreements with countries covering 80% of UK trade by 2022. Nothing in the UK-Japan CEPA prevents the UK from continuing to uphold its high environmental, food safety and animal welfare standards. You can find the provisions on customs matters in Chapter 4 of the CEPA. I have created a network of business associates here in Japan that can navigate you through the process of successfully concluding a trade deal. Within each office, you can contact an international trade advisor. 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 UK–Japan Comprehensive Economic Partnership Agreement was agreed in principle by Truss and Motegi on a video call on 11 September 2020. However, the deal includes new clauses that, says campaigners, prioritize the free flow of data between the UK and Japan - and on to other trade partners such as the US - … 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. For information on Japan’s customs procedures, see the export/import guidance from the Japan Customs Agency (website in English). The UK and Japan have agreed that all eligible British products will be put through Japan’s GI approval process automatically. The UK is still on a cliff-edge regarding the EU-UK future relationship and the possibility of a no-deal has risen in recent days. Perhaps most significant for the global financial community are the digital and data provisions of the UK-Japan trade deal. Geographical indications (GIs) protect the geographical names of food, drink and agricultural products. The CEPA arrangement uses Japan’s BP scheme. Find detailed information on how the new CEPA arrangement operates. If you wish to speak to someone directly, we have local trade offices based around the UK. Today is a landmark moment for Britain. 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. The UK-Japan deal – overview While Japan is estimated to account for just 2% of British trade, the deal is expected to enhance trade relations between the two countries and provides some security for British and Japanese businesses that their current trading conditions will continue. For malt, the UK will continue to have duty-free access to Japan’s market for malt via the existing Global TRQ. 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. From tech and digital firms to fashion and luxury jewellery designers, London businesses could benefit significantly from the new UK-Japan trade deal. The UK–Japan Comprehensive Economic Partnership Agreement (CEPA) is the first deal that the UK has struck as an independent trading nation.