Britain and Japan fail to conclude trade deal, for the time being.

Updated: Aug 24, 2020

LONDON — Despite optimism that Britain and Japan would have concluded trade talks and be able to announce a new trade deal on Friday, Japanese negotiator, Foreign Minister Toshimitsu Motegi has left London without a conclusion.

Agriculture is reported to be the area in which obstacles remain, however, Talks will continue and a deal is expected towards the end of the year.

“Negotiations have been positive and productive, and we’ve reached consensus on the major elements of a deal — including ambitious provisions in areas like digital, data and financial services,” Truss said.

Japan is the UK's fourth largest trading partner and a deal could benefit the UK economy to the tune of around £15bn.

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