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Trade deal signed by Truss 'will benefit East of England businesses'

Businesses in the East of England will benefit from a trade deal agreed by South West Norfolk MP Liz Truss, the Department for International Trade claims.

The UK-Japan Comprehensive Economic Partnership Agreement (CEPA) was signed by International Trade Secretary Ms Truss and Japan’s Foreign Minister Motegi Toshimitsu in Tokyo on Friday.

The Department for International Trade said: "The British-shaped deal is the first agreement that the UK has secured that goes beyond the existing EU deal, with enhancements in areas such as food and drink, creative industries, digital and data.

Liz Truss and Japan's Foreign Minister sign the agreement in Tokyo (42841209)
Liz Truss and Japan's Foreign Minister sign the agreement in Tokyo (42841209)

"Last year over 1,000 East of England businesses exported goods to Japan with annual goods exports worth £870 million.

"This deal secures major wins that would be impossible as part of the EU and brings together two of the world’s most technologically advanced nations, placing the UK at the forefront of shaping new global standards on digital trade.

And Ms Truss said that Friday was a landmark moment for Britain.

"It shows what we can do as an independent trading nation, as we secure modern and bespoke provisions in areas like tech and services that are critical to the future of our country and the reshaping of our economy," she added.

“Trade is a powerful way to deliver the things people really care about.

"At its heart, this deal is about creating opportunity and prosperity for all parts of our United Kingdom and driving the economic growth we need to overcome the challenges of coronavirus.

“The agreement also has a much wider strategic significance. It opens a clear pathway to membership of the Trans-Pacific Partnership – which will open new opportunities for British business and boost our economic security – and strengthens ties with a like-minded democracy, key ally and major investor in Britain.”

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