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Agreement Uk Japan

With this limited success in the British-Japanese CEPA, the UK relied on the negotiation of a favourable free trade agreement with the US to further improve its negotiating position vis-à-vis Brussels. However, that hope was hampered by the recent US presidential election, in which pro-Brexit Donald Trump ran against a more Eurocentric Joe Biden. While Donald Trump was open to negotiating a free trade agreement with the UNITED Kingdom that contains few conditions, Joe Biden says that any free trade agreement with the United Kingdom is subject to compliance with the terms of the Good Friday agreement, which would prohibit the imposition of a physical border between Northern Ireland and the Republic of Ireland. With Joe Biden`s victory in hand, this condition appears to have mitigated the threat of a hard border in trade talks between Britain and the EU. It remains to be seen how big the impact of the new administration in Washington will be, but it likely dampens expectations that the UK will be able to secure major concessions from the European Union. Both sides touted improving market access by lowering or eliminating tariffs as an important pillar of the agreement. The UK has agreed to gradually reduce tariffs on Japanese automobiles to zero by 2026 and immediately abolish tariffs on locomotives and auto parts. However, these provisions are largely identical to those of the EU-Japan EPA and do not constitute a significant distinguishing feature. The agreement also allows the UK to apply for up to seventy additional geographical indications for its products, in addition to the seven currently made available to the UK under the EU-Japan EPA. These geographical indications are used to protect products from designated areas in the United Kingdom and Japan against excessive reproduction. Examples of products that receive such a designation include Scotch whisky, Kobe beef and other local specialties. The EU-Japan EPA also provides for these geographical names; however, the UK will now be allowed to use more. The agreement is essentially in line with the Economic Partnership Agreement between the European Union and Japan concluded in February 2019.

[۱۲] CEPA between the United Kingdom and Japan provides for intellectual property protection comparable to that of the EU-Japan EPA, although the periods of protection for certain intellectual property matters go beyond those provided for in the Europe Agreements. For example, the standard time limit for design patent protection under CEPA between the United Kingdom and Japan is set at twenty-five years, compared to twenty years under the EU-Japan EPA. Limited five-year extensions for patents on medical inventions are also included in CEPA between the United Kingdom and Japan, but not in the EU-Japan EPA. This is the first trade agreement the UK has concluded as an independent trading nation. This UK-led agreement goes beyond the existing EU agreement and has been very successful in all regions of the UK in areas such as digital and data, financial services, food and beverage and creative industries. The deal could boost UK-Japan trade by £۱۵٫۷ billion and boost long-term economic growth. The agreement also includes a firm commitment by Japan to support the UK`s membership in the Trans-Pacific Partnership (TPP), one of the world`s largest free trade areas, covering 13% of the global economy and more than £۱۱۰ billion in trade in 2019. This will help strengthen the uk`s trade relationship with 11 Pacific countries and set new standards for global trade. This signature marks a new, closer alliance between the UK and Japan. This will lead our two like-minded democracies to work together when the UK takes over the presidency of the G7, where we work for free trade. The UK has officially signed an Economic Partnership Agreement with Japan, marking a historic moment as the UK`s first major trade deal as an independent trading nation and giving insight into Global Britain`s potential. Over the past 15 to 20 years, the UK car industry has become disproportionate (up to 50%) compared to Japanese car manufacturers such as Honda, Toyota and Nissan operating in the UK.

As a result, the recent relocation of large factories (in response to the profitability of the supply chain) is hurting domestic production, skills and employment. The Anglo-Japanese CEPA has done little to solve this problem. There have been smaller gains, such as the acceleration of zero tariffs on electric control units, which are often used in cars, but Japanese brands are still unable to sell cars (which contain Japanese parts but are made in the UK) to the EU as Japanese origin without formal EU approval – something the EU could easily retain. while negotiations between the UK and the EU continue. Britain`s Department for International Trade said it expected the benefits of the deal to boost trade between countries by around £۱۵٫۲ billion and increase Britain`s GDP by 0.07% (around £۱٫۵ billion) by removing tariffs on 99% of its exports to Japan. However, critics question whether this is an improvement over the substantive provisions of the EU-Japan EPA. The government formally submitted the text of the treaty to Parliament on October 23, 2020, but the crCC review phase did not begin until November 2, 2020, when the House of Commons returned from the break. The initial 21-day meeting period ends on December 8, 2020. The House of Commons is scheduled to hold a general debate on CEPA on November 25, 2020. The House of Lords will hold a debate on the agreement on 26 November 2020. On 23 October 2020, Japan and the United Kingdom officially signed the terms of a new Comprehensive Economic Partnership Agreement (CEPA United Kingdom-Japan), which is due to enter into force on 1 January 2021. .

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