Uk Pacific Agreement

November 2020] Any optimism must be tempered if one takes into account the unique circumstances that led to the deal, with the UK`s withdrawal from the EU and the resignation of Japanese Prime Minister Shinzo Abe – and the likelihood that it will have a very limited impact on the UK economy. It`s no secret that the deal is strongly stemming from the agreement Japan signed with the EU in July 2018 and which served as an invaluable starting point for talks with the UK. And there is an additional concern, both with the Japan-UK deal and with others that could still be negotiated: trade deals have unequal consequences within the economies of the countries that sign them. For example, certain sectors, such as financial services. B, should benefit, while for others, the impact is less clear. .

Comments are closed.