A woman walks past a vacant retail unit on Oxford Street in London, England, on July 22, 2020. UK retail sales data for June, during which non-essential shops were allowed to reopen, is set to be released by the Office for National Statistics (ONS) this Friday, July 24.  (Photo by David Cliff/NurPhoto via AP)

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 with its 11th biggest trading partner was agreed to in principle on Friday and will increase trade between the two countries by about £15.2 billion ($19.5 billion). UK businesses won’t face tariffs on 99% of exports to Japan, including on products such as knitwear, biscuits and…

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