The unveiling of Japan’s US$490 billion fiscal stimulus package in November coincided with the announcement by the UK Department of International Trade of a new export strategy. This is committed to boosting exports to an annual £1 trillion ($1.35 trillion) by 2030, from the current yearly £600 billion.
While the two policy measures were wholly separate events, their similar timing and scale of ambition alongside a groundbreaking UK-Japan digital free trade agreement sets the foundations for a closer merging of their economies over the coming decade.
This article was co-authored by Bob Savic and Andrew Hood.
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