The Observer reports that a major free trade agreement signed between Britain and Japan post-Brexit has been labelled a failure after government figures revealed exports had fallen since it came into force. In October 2020, then-trade secretary Liz Truss signed the deal, calling it a "landmark moment" for Britain. However, figures from the Department for International Trade show exports to Japan fell from £12.3bn to £11.9bn in the year to June 2022, the paper reports.
The Observer reports that a major free trade agreement signed between Britain and Japan post-Brexit has been labelled a failure after government figures revealed exports had fallen since it came into force. In October 2020, then-trade secretary Liz Truss signed the deal, calling it a "landmark moment" for Britain. However, figures from the Department for International Trade show exports to Japan fell from £12.3bn to £11.9bn in the year to June 2022, the paper reports.