She said: “This is a historic moment for the UK and Japan as our first major post-Brexit trade deal.
“The agreement we have negotiated – in record time and in challenging circumstances – goes far beyond the existing EU deal, as it secures new wins for British businesses in our great manufacturing, food and drink, and tech industries.”
In 2018, the value of trade between the UK and Japan was valued at over £29billion, although the new free trade agreement could increase that figure by £15.2billion.
Despite these potential benefits, some officials have stated the introduction of the UK Internal Market Bill, which allegedly violates elements of the withdrawal agreement, could harm Britain’s negotiating stance going forward.
Labour peer savages Boris Johnson Brexit plan as ‘stinking hypocrisy’ [Latest]
Happy Mr Barnier?’Banned’ EU supertrawlers rape UK seas with EU assent [Update]
Brexit news: Trade talks on verge of collapse: Barnier issues warning [Insight]