pellinore Posted November 27, 2022 #1 Share Posted November 27, 2022 (edited) The first major free trade agreement signed by Britain after Brexit has been branded a failure after new figures showed exports had fallen since it came into force. Liz Truss signed a “historic” deal with Japan as trade secretary in October 2020, describing it as a “landmark moment for Britain”. It was claimed it would boost trade by billions of pounds and help the UK recover from the pandemic. However, figures collated by the Department for International Trade show exports to Japan fell from £12.3bn to £11.9bn in the year to June 2022. Exports in goods fell 4.9% to £6.1bn and services fell 2% to £5.8bn. The decline is a significant setback for supporters of Brexit who claimed global trade with non-EU countries would help compensate for any losses from leaving the single market. Brexit blow: exports to Japan slump after ‘landmark’ free trade deal | Brexit | The Guardian Edited November 27, 2022 by pellinore Link to comment Share on other sites More sharing options...
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