Britain and Japan will on Thursday attempt to thrash out a post-Brexit free trade agreement, although the UK admits a deal might only boost British GDP by 0.07 per cent and would be a bigger prize for Japanese exporters.
Liz Truss, UK trade secretary, and Toshimitsu Motegi, Japan’s foreign minister, will hold talks in London with the aim of wrapping up a trade deal that both sides have tried to rush through in a matter of months.
Among the sticking points are Tokyo’s demands for cuts in tariffs on Japanese car exports, while the UK is holding out for better access for services, including new rules on data regulation, and for agriculture.
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