UK signs first major post-Brexit trade deal with Japan

The UK has signed its first major post-Brexit trade pact by signing a deal with Japan.
The deal aims to boost trade between these two countries by about £15bn.
The deal would boost UK GDP by 0.07%, though, it is just a fraction of the trade that was lost with the European union (EU).
This UK-Japan Comprehensive Economic Partnership Agreement has a great significance as now onward 99% of exports to Japan will be tariff-free.
The deal secures new path for British businesses in manufacturing, food and drink, and tech industries.
The deal would be beneficial for automobile sector as well shoe factories.
It would create new opportunities for people throughout UK.
Strategically, the deal is an important step towards joining the Trans-Pacific Partnership. This would further place Britain at the centre of a network of free trade agreements.
Japanese investors in the UK including Nissan and Hitachi would be benefited from reduced tariffs on parts coming from Japan.