UK-Japan trade deal will ‘create jobs’ and drive down prices for consumers, says IEA expert
22 October 2020
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Press Release
In the Media
Emily Carver writes for Conservative Home
23 October 2020
Trade, Development, and Immigration
4 November 2024
Responding to the news that the UK has signed a Free Trade Agreement with Japan, IEA Academic and Research Director Professor Syed Kamall said:
“Not only does the UK-Japan trade deal offer new opportunities for UK firms to sell more British products and services to Japanese consumers, thereby sustaining and creating jobs, it also makes quality Japanese food and products more affordable for British families.
“As part of the EU, UK firms were often disadvantaged by the fact that the European Commission did not place a priority on negotiating digital and financial services in trade agreements. One of the advantages of the UK having an independent trade policy is that it can now negotiate to tear down trade barriers, benefiting both British exporting firms as well as British consumers.”
ENDS
For media enquiries, please contact Emily Carver, Head of Media, on 07715942731 or ecarver@iea.org.uk.
Professor Syed Kamall is available for interview and further comment.
For further reading on post-pandemic prospects for global trade, read IEA report ‘Freight Expectations’ here.
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The IEA is a registered educational charity and independent of all political parties.
“Not only does the UK-Japan trade deal offer new opportunities for UK firms to sell more British products and services to Japanese consumers, thereby sustaining and creating jobs, it also makes quality Japanese food and products more affordable for British families.
“As part of the EU, UK firms were often disadvantaged by the fact that the European Commission did not place a priority on negotiating digital and financial services in trade agreements. One of the advantages of the UK having an independent trade policy is that it can now negotiate to tear down trade barriers, benefiting both British exporting firms as well as British consumers.”
ENDS
Notes to editors
For media enquiries, please contact Emily Carver, Head of Media, on 07715942731 or ecarver@iea.org.uk.
Professor Syed Kamall is available for interview and further comment.
For further reading on post-pandemic prospects for global trade, read IEA report ‘Freight Expectations’ here.
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The IEA is a registered educational charity and independent of all political parties.
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