UK and Japan reach first major British trade deal

Britain and Japan have struck a trade deal that marks the U.K.’s first major pact since leaving the EU.

Trade Secretary Liz Truss and Japan’s Foreign Minister Motegi Toshimitsu agreed on the deal in principle on a video call Friday morning, dubbing it the U.K.-Japan Comprehensive Economic Partnership Agreement.

“This is a historic moment for the U.K. and Japan as our first major post-Brexit trade deal,” Trade Secretary Liz Truss said in a statement. “The agreement we have negotiated…

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