U.K., Japan aim to reach trade deal, scrap auto tariffs

The U.K. and Japan hope to reach an agreement on a trade deal by the end of the month and formally sign it in September. “The countries are working to clinch an agreement on the basis of the Japan-EU FTA, with Tokyo looking to scrap auto tariffs as soon as possible while London wants benefits for its financial services and textile industries,” said Japan Today. The Japan-European Union FTA scraps the 10% tariff on Japanese automobiles in its eighth year. (Source: Japan Today) Read the original article…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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