TOKYO: The Japanese and British governments are in the final stages of talks to scrap British tariffs on imports of Japanese vehicles in 2026, Jiji Press learned Friday.
The two sides are also negotiating for their tariffs on over 90 percent of auto parts to be abolished immediately after their envisioned trade agreement enters into force, according to informed sources.
The tariff abolition rate for auto parts would be no lower than the level under the Japan-European Union economic partnership agreement.
Japan and Britain aim to reach a broad accord on the bilateral trade deal this summer and put it into effect early next year.
Japanese Foreign Minister Toshimitsu Mogtegi is slated to visit Britain in early August for last-minute negotiations with British International Trade Secretary Liz Truss.