fxs_header_sponsor_anchor

News

Japan’s Chief Trade Negotiator Matsuura: Aim for trade deal with the UK by end-July

In an interview with Reuters, Hiroshi Matsuura, Japan’s Chief Negotiator for trade talks with Britain, said Tokyo wants to reach a trade agreement by the end of this month.

Key quotes

“It is our highest priority to achieve an agreement within the time frame... We need to adjust ambitions to a realistic level,” 

“Negotiations would be based on the EU-Japan trade pact and Japan is seeking a higher commitment if possible.”

“Digital trade would be an area where both countries could agree on a higher level of deal.”

“The auto industry is an important industry for Japan, we want to seek higher level of trade deal.”

“We want at least the same level of tariff condition on autos with Britain as we have under the trade pact with the EU.”

Recall that Japan’s Foreign Minister Toshimitsu Motegi and British Trade Minister Liz Truss agreed last month on a swift deal on an economic partnership to secure business continuity.

USD/JPY in lows

USD/JPY is testing lows near 107.70, having fallen from multi-week highs above 108.00. The tepid market sentiment has returned amid the continued rise in the coronavirus cases globally.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.