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Trade

Japan-UK trade deal keeps low tariffs for cars made with EU parts

A win for Japanese automakers, but no-deal Brexit still a threat

Japanese automakers often export vehicles to the U.K. that contain critical components made in the European Union.   © Reuters

TOKYO/LONDON -- The economic partnership agreement between Japan and the U.K. will maintain preferential tariffs for industrial products manufactured with components made in the European Union in a win for Japanese automakers, Nikkei has learned.

The two sides agreed to broaden rules-of-origin language to treat EU-sourced parts as the same as those made in the U.K. or Japan. This will apply to all finished industrial goods, including automobiles.

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