Japan and the United Kingdom will create a partnership for free and open international trade

The governments of Japan and the United Kingdom decided on Friday, March 7, to begin the process of creating an economic partnership that allows free and open international trade.

This decision arises from concern about Donald Trump’s threats to apply tariffs to other nations as he is doing to China, Mexico and Canada.

For this agreement between Japan and the United Kingdom, a first 2+2 Economic dialogue took place, with the participation of the Foreign and Trade Ministers of both countries, who expressed their commitment to “address the energy and security challenges posed by the new policies of the United States Administration.”

This was stated by the Japanese Foreign Minister, Takeshi Iwaya, in a press conference: “Sharing fundamental values, Japan and the United Kingdom will continue to cooperate to defend and strengthen a free, fair and rules-based international economic order.”

Iwaya met in Tokyo with his British counterpart, David Lammy; there were also meetings between the Japanese Minister of Economy, Trade and Industry, Yoji Muto, and the British Minister of Business and Trade, Jonathan Reynolds.

The objective of this international trade association is “to promote bilateral exchanges and investment, with the aim of strengthening a bilateral relationship of 27 billion pounds (about 32 billion euros) annually,” according to data from the British Foreign Office.

M.Pino

Source: swissinfo

(Reference image source: John Simmons on Unsplash)

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