UK and Japan sign Comprehensive Economic Partnership Agreement
On 23 October 2020, the United Kingdom (UK) and Japan signed a Comprehensive Economic Partnership Agreement (CEPA). The CEPA is based on the Economic Partnership Agreement (EPA) between the European Union (EU) and Japan. However, the CEPA also contains some enhanced provisions in areas such as rules of origin, financial services, and digital matters, and eliminates certain tariff lines earlier than the EPA. Once ratified, the CEPA is expected to enter into force as of 1 January 2021 and, as far as possible, provide continuity for trade between the UK and Japan after the EU-Japan EPA ceases to apply to the UK. Our overview of the UK-Japan CEPA highlights the key features of the agreement and identifies the main differences between the CEPA and the EPA relevant to stakeholders.
Please click below to read our note on the UK-Japan Comprehensive Economic Partnership Agreement.
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