The deals were announced as Japanese PM Shinzo Abe met with Prime Minister Theresa May in London.
British motorcycle company Norton has signed a new £20 million export deal to Japan, which will support 200 jobs in the UK and see around 1,000 new motorbikes sold to Japanese customers over the next five years.
As Britain exits the European Union, the Prime Ministers confirmed their intention to ensure the continued applicability of the Japan-EU international agreements, including the Japan-EU Economic Partnership which will form the basis for a new UK-Japan agreement.
They concurred that both countries will work quickly to establish the economic partnership, with the intention that it should come into force as soon as possible.
The Japanese PM reconfirmed support for the UK potentially joining the Comprehensive and Progress Trans-Pacific Partnership (CPTPP), which would see the UK forging stronger trade links with established trading partners such as Japan and Canada, as well as rapidly growing economies such as Vietnam.
This would allow free and frictionless trade for many British businesses, helping them to expand into some of the world’s largest and fastest growing markets.
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