EU-Japan Economic Partnership Agreement

Liam Fox Excerpts

Monday 4th February 2019 Written Statements

[The Secretary of State for International Trade and President of the Board of Trade (Dr Liam Fox)]

The Government wish to inform the House that on Friday 1 February, the EU-Japan Economic Partnership Agreement (EPA) between the EU and Japan came into force. This date was confirmed by the European Commission to EU member states on 12 December 2018.

The UK has been a long-standing supporter of the EU-Japan EPA, which was approved overwhelmingly by the UK Parliament after it was debated on the Floor of the House of Commons on 26 June 2018 with 317 votes in favour and only 1 against.

The EU-Japan EPA was signed on 17 July 2018 in Tokyo, Japan.

The coming into force of the EU-Japan EPA is positive for the UK, the wider EU and global free trade. At its entry into force, 91% of tariffs will be eliminated, rising to 97% over the long term.

Japan and the UK are the world’s third and fifth largest economies respectively and are committed to working together in support of global free and fair trade. In line with this both Prime Ministers have reaffirmed their commitment last month to use the Japan-EU EPA as the basis for our future economic partnership and to work quickly to establish this. Under the withdrawal agreement, the UK would continue to benefit from this agreement during the implementation period.

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