Japan wants to reach broad agreement on trade talks with UK this week

Published Tue, Sep 8, 2020 · 11:12 AM

    [TOKYO] Japan wants to reach broad agreement with the United Kingdom on trade talks this week, to ensure it can seal a pact under Foreign Minister Toshimitsu Motegi, a Japanese government official said, signalling Tokyo's desire for progress in the talks before a looming change in government.

    Japan's ruling party will choose a new leader next week to take over from Prime Minister Shinzo Abe, who has decided to step down for health reasons. His successor will become the next premier and form a new Cabinet.

    The political changes, which could lead to a new foreign minister succeeding incumbent Toshimitsu Motegi, heighten the need for the two countries to speed up trade talks, the official said.

    "We want to reach a broad agreement on trade talks with Britain this week under Foreign Minister Motegi," the official said, a view echoed by another government official.

    "Otherwise, a trade pact between Japan and Britain may not come into force January 1 next year considering Japan's political situation," the first official said.

    Both officials spoke on condition of anonymity due to the sensitivity of the matter.

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    Britain, which left the European Union in January, is seeking to clinch a trade agreement with Japan based on the 2019 EU-Japan agreement by the end of the year, when Britain's no-change transition arrangement with the EU will expire.

    REUTERS

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