The UK and Japan have officially launched Free Trade Agreement negotiations
Who? Department of International Trade, UK
When? 9 June 2020
Why does it matter?
Free Trade Agreement offers important opportunities to increase trade volumes with the country or countries in question. Often, preferential trade covers many areas, in particular, the opportunity to lower customs duty. Qualifying products that meet the rules of origin and other rules, as detailed in the Agreement, can benefit from preferential duty rates.
What can I do?
Identify the products you currently trade with each jurisdiction and assess the possible duty savings opportunity.
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