Britain has reached a free trade agreement with Japan, its first with a major economy since leaving the European Union earlier this year.
The UK Department for International Trade said in a statement that the deal was agreed to in principle on Friday and will increase trade between the two countries by about £15.2 billion . UK businesses won't face tariffs on 99% of exports to Japan, including on products such as knitwear, biscuits and coats.
Japanese car manufacturers including Nissan will enjoy reduced tariffs on parts coming into the United Kingdom and streamlined regulatory procedures, according to the statement.
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