The UK-Japan Comprehensive Economic Partnership Agreement (CEPA) is a landmark trade deal that was signed on October 23, 2020. The CEPA aims to reduce barriers to trade between the UK and Japan, promoting economic growth and cooperation between the two nations. The full text of the agreement is available in PDF format on the website of the Department for International Trade.

The CEPA covers a wide range of areas such as goods, services, investment, intellectual property, and digital trade. The agreement aims to reduce or eliminate tariffs on 99% of goods traded between the two countries, benefiting businesses and consumers on both sides. In addition, the CEPA includes provisions to promote sustainable trade and encourage small and medium-sized enterprises to participate in international trade.

One of the key areas covered by the CEPA is digital trade. The agreement includes provisions to ensure the free flow of data between the UK and Japan, which is important for businesses that rely on digital technologies and e-commerce. The CEPA also addresses issues such as cybersecurity and protection of personal data, which are crucial for maintaining trust and confidence in digital trade.

For businesses looking to expand their operations in Japan, the CEPA provides a favorable framework for investment. The agreement includes provisions to protect foreign investors and ensure a level playing field for businesses operating in Japan. In addition, the CEPA includes measures to promote cooperation in areas such as research and development, innovation, and intellectual property protection.

Overall, the UK-Japan Comprehensive Economic Partnership Agreement is an important milestone in the economic relationship between the two countries. The agreement provides a framework for trade that is mutually beneficial and promotes sustainable economic growth. The full text of the agreement is available in PDF format, providing businesses and individuals with a valuable resource for understanding the details and implications of the CEPA.