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Japan, Britain to ink post-Brexit trade deal on Oct. 23

UK Japan (Kyodo)

TOKYO (Kyodo) -- Japan and Britain are making arrangements to sign a bilateral post-Brexit free trade deal on Oct. 23, aiming for it to take effect at the start of 2021, a Japanese government source said Monday.

    After the official event to seal their basic agreement reached in September, the Japanese government will seek ratification during an extraordinary session of parliament starting on Oct. 26, the source said.

    The deal is based largely on the free trade agreement between Japan and the European Union that came into force in February last year, covering Britain until the year-end when the transition period for its exit from the European Union will be complete.

    It will remove Britain's tariffs on Japanese cars in stages to zero in 2026, as does the Japan-EU FTA, while immediately scrapping tariffs on railway cars and auto parts.

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