Latest Trade agreements News

British International Trade Secretary Liz Truss, left, and Japanese Foreign Minister Toshimitsu Motegi exchange agreement documents for economic partnership between Japan and Britain at Iikura Annex of the Foreign Ministry in Tokyo, Friday, Oct. 23, 2020. Japan and Britain signed a bilateral free trade deal Friday in the the first such major post-Brexit deal, reducing tariffs on Yorkshire lamb sold in Japan, as well as auto parts for Japan’s Nissan plant. (Kimimasa Mayama/Pool Photo via AP)

Japan, Britain sign free trade deal for post-Brexit era

Oct. 23, 2020 1:32 AM EDT

TOKYO (AP) — Japan and Britain signed a bilateral free trade deal Friday in the the first such major post-Brexit deal, reducing tariffs on Yorkshire lamb sold in Japan, as well as auto parts for Japan’s Nissan plant. “How fitting it is to be in the Land of the Rising Sun to welcome in the...

European Council President Charles Michel addresses the chamber on a report of last weeks EU summit during a plenary session at the European Parliament in Brussels, Wednesday, Oct. 21, 2020. (Olivier Hoslet, Pool via AP)

UK-EU trade talks back on after bloc offers olive branch

Oct. 21, 2020 1:07 PM EDT

BRUSSELS (AP) — Britain and the European Union will resume their stalled trade negotiations at an “intensified” pace, the British government said Wednesday, in hope of striking a deal within weeks to avoid a messy economic breakup at the end of he year. The announcement came five days after...

People walk opposite Britain's Parliament in London, Friday, Oct. 16, 2020. Britain’s foreign minister says there are only narrow differences remaining in trade talks between the U.K. and the European Union. But Dominic Raab insists the bloc must show more “flexibility” if it wants to make a deal. (AP Photo/Kirsty Wigglesworth)

UK's Lords condemns Brexit bill as UK-EU talks stay stalled

Oct. 20, 2020 11:46 AM EDT

LONDON (AP) — Britain’s upper house of Parliament delivered a resounding condemnation of the government’s contentious new Brexit legislation on Tuesday, as a standoff continued between the U.K. and the European Union over future trade relations. The House of Lords voted 395-169 to add words...

English flags and a Union flag fly above a souvenir stand opposite Britain's Parliament in London, Friday, Oct. 16, 2020. Britain’s foreign minister says there are only narrow differences remaining in trade talks between the U.K. and the European Union. But Dominic Raab insists the bloc must show more “flexibility” if it wants to make a deal.  (AP Photo/Kirsty Wigglesworth)

UK, EU inch toward more Brexit talks but hurdles remain

Oct. 19, 2020 12:59 PM EDT

LONDON (AP) — Britain and the European Union edged toward resuming their troubled trade talks on Monday, after the bloc's chief negotiator said he was ready to “intensify” negotiations on the legal text of an agreement. Britain's chief Brexit minister hailed that as evidence of significant...

Cars are parked to be exported at Yokohama port, near Tokyo on Sept. 29, 2020. The drop in Japanese exports diminished last month, according to government data released Monday, Oct. 10, 2020, underlining how the blunt of the trade damage from the coronavirus pandemic may be gradually easing.  (AP Photo/Koji Sasahara)

Japan exports fall amid slow recovery from pandemic downturn

Oct. 19, 2020 3:12 AM EDT

TOKYO (AP) — Japan's exports fell at a slower pace in September in a sign that trade damage from the coronavirus pandemic is easing, according to Finance Ministry data released Monday. The report showed Japan’s exports in September declined 4.9%, better than the nearly 15% drop in August. The...

The Union flag flies above a souvenir stand in front of Big Ben in London, Friday, Oct. 16, 2020. Britain’s foreign minister says there are only narrow differences remaining in trade talks between the U.K. and the European Union. But Dominic Raab insists the bloc must show more “flexibility” if it wants to make a deal. (AP Photo/Kirsty Wigglesworth)

UK minister: Door 'still ajar' for post-Brexit talks with EU

Oct. 18, 2020 11:01 AM EDT

LONDON (AP) — A senior British official said Sunday the door is “still ajar” for post-Brexit talks to continue with the European Union if officials in the bloc change their position on key points. Michael Gove's comments came after Prime Minister Boris Johnson’s spokesman said Friday...

English flags and a Union flag fly above a souvenir stand opposite Britain's Parliament in London, Friday, Oct. 16, 2020. Britain’s foreign minister says there are only narrow differences remaining in trade talks between the U.K. and the European Union. But Dominic Raab insists the bloc must show more “flexibility” if it wants to make a deal.  (AP Photo/Kirsty Wigglesworth)

UK says EU trade talks 'over' but bloc sees room for a deal

Oct. 16, 2020 12:46 PM EDT

LONDON (AP) — British Prime Minister Boris Johnson said Friday that the U.K. must prepare for a no-deal break with the European Union unless there is a “fundamental” change of position from the bloc, as the two sides swapped blame for failing to strike a trade deal with just weeks until the...

European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier leaves after addressing a media conference at an EU summit in Brussels, Thursday, Oct. 15, 2020. European Union leaders met in person for the first day of a two-day summit, amid the worsening coronavirus pandemic, to discuss topics ranging from Brexit to climate and relations with Africa. (Yves Herman, Pool via AP)

Brexit trade talks: both EU and UK dig in heels

Oct. 15, 2020 7:01 PM EDT

BRUSSELS (AP) — With both sides digging in their heels as another Brexit deadline passed Thursday, the European Union and Britain demanded concessions from one another in talks on a basic trade deal that would soften the economic blow of the coronavirus pandemic for all. The EU leaders meeting in a summit...

British Brexit negotiator David Frost, center, and Britain's Ambassador to the European Union Tim Barrow, right, arrive for a meeting with European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier at EU headquarters in Brussels, Monday, Oct. 12, 2020. (AP Photo/Francisco Seco)

On eve of UK deadline, trade talks with EU still stalled

Oct. 14, 2020 3:52 PM EDT

BRUSSELS (AP) — On the eve of a European Union summit that British Prime Minister Boris Johnson had set as a deadline to seal a post-Brexit trade agreement, talks remained in a deep rut Wednesday over fundamental differences on the issues of state aid and fisheries. EU nations are already looking to the...

Tower Bridge and the skyscrapers of the Canary Wharf financial district, left, are seen at sunrise in London, Monday, Oct. 12, 2020.(AP Photo/Matt Dunham)

UK urged to conclude trade deal with EU to limit Brexit cost

Oct. 14, 2020 6:55 AM EDT

LONDON (AP) — A leading international economic watchdog urged the British government to conclude a free trade agreement with the European Union in the coming days and weeks to support the recovery from the coronavirus pandemic. In its latest survey of the the British economy, the Paris-based Organization...