Japan-EU trade deal announced
Free trading cuts 99% of tariffs on Japanese goods INCLUDING motorcycles!
It’s the world’s largest bilateral free trade deal which has been announced by both the EU and Japan and it could see the cost of Japanese motorcycles drop by as much as 8%. Shinzo Abe, Japan’s prime minister and EU leaders Jean-Claude Juncker and Donald Tusk have put the agreement together in response to Donald Trump’s announcement of supposed solidarity with Vladimir Putin a week before the Japan/EU deal was announced.
In essence it means that once the deal has been ratified by both sides through their legal process, the Japan/EU trade deal will see 99% of tariffs on Japanese goods wiped out. It could take eight years for this to become a reality as far as cars (and motorcycles) go though, due to financial markets settling to absorb costs. Will we in the UK see the benefits of this, once Brexit has been finally wedged through the constitutional process? Possibly, if this can be added into the no deal/some deal machinations.