NHS will never be on sale: UK starts trade negotiations with Japan
Topics: JAPAN UK
The agreement will be based on the existing EU-Japan free trade agreement and will aim to secure additional benefits for UK businesses trading with Japan.
More trade is essential in helping the UK overcome the unprecedented economic challenge posed by coronavirus.
These additional provisions, as well as strong copyright provisions, would benefit innovative sectors such as e-commerce and the creative industries. They would also make it easier for the 8,000 small and medium sized businesses exporting goods to Japan.
Government analysis published shows that the UK economy could benefit from a £1.5 billion boost, as a UK-Japan trade deal could increase trade flows between both countries by £15.2 billion.
UK exporters would benefit from zero or lower tariffs, creating potential savings worth around £33 million per year, while UK workers’ wages are expected to increase by £800 million in the long run as a result of the deal. The agreement would benefit the whole of the United Kingdom, with Scotland, the East Midlands and London expected to benefit the most.
UK-Japan trade talks are also the first logical step towards our joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), helping diversify UK trade and provide opportunities in the world’s fastest growing economies.
The government will set out its negotiating objectives for Australia and New Zealand shortly, with the aim of having 80 percent of total UK external trade with countries covered by free trade agreements by 2022.
International Trade Secretary, Elizabeth Truss said: "Japan is one of our largest trading partners and a new trade deal will help to increase trade, boost investment and create more jobs following the economic challenges caused by coronavirus."
The UK’s overall negotiating objectives for a UK-Japan FTA are:
- Agree an ambitious and comprehensive Free Trade Agreement (FTA) with Japan that builds on the EU-Japan Economic Partnership Agreement (EPA), and secures additional benefits for UK businesses.
- Increase UK GDP and provide new opportunities for UK businesses, including Small and Medium-sized Enterprises (SMEs) and investors, and facilitating greater choice and lower prices for UK producers and consumers.
- Increase the resilience of supply chains and the security of our whole economy by diversifying our supply chains.
- The Government has been clear that when itis negotiating trade agreements, the National Health Service (NHS) will not be on the table. The price the NHS pays for drugs will not be on the table. The services the NHS provides will not be on the table. The NHS is not, and never will be, for sale to the private sector, whether overseas or domestic.
- Throughout the agreement, ensure high standards and protections for UK consumers and workers and build on our existing international obligations. This will include not compromising on our high environmental protection, animal welfare and food standards, and ensure both parties meet their commitments on climate change.
- Secure an agreement which works for the whole of the UK and takes appropriate consideration of the UK’s constitutional arrangements and obligations. ■