But expectations that Japan would happily replicate the free trade deal agreed between Japan and the EU in February may prove optimistic, with reports suggesting Japanese negotiators believe they can secure better terms in a new U.K.-specific arrangement. The UK's Department for International Trade has secured deals covering just 6.8% of the UK's total trade in goods, while a single post-Brexit agreement is in place with its top-10 partners, S&P Global Market Intelligence said. "The UK will be able to negotiate new bilateral agreements that are more favourable than those currently being negotiated by other EU members," said Simon Johnson, head of research at To date, 15 deals have been agreed, alongside "mutual recognition agreements" with the US, Australia and New Zealand, which maintain existing EU arrangements. Deals with Japan, Turkey, Andorra and San Marino won't be ready by 31 October.
The UK's Department for International Trade has secured deals covering just 6.8% of the UK's total trade in goods, while a single post-Brexit agreement is in place with its top-10 partners, S&P Global Market Intelligence said. "The UK will be able to negotiate new bilateral agreements that are more favourable than those currently being negotiated by other EU members," said Simon Johnson, head of research at To date, 15 deals have been agreed, alongside "mutual recognition agreements" with the US, Australia and New Zealand, which maintain existing EU arrangements. Deals with Japan, Turkey, Andorra and San Marino won't be ready by 31 October.