The UK-Japan Economic Partnership is entering a new phase as the Foreign Secretary and Business Secretary travel to Japan today (6 March 2025) for the Economic 2+2. This visit highlights a stronger commitment to joint economic growth, international trade, and future technologies. It also forms part of the government’s Plan for Change, designed to boost growth, create jobs, and strengthen international cooperation.
Japan is already the world’s fourth-largest economy and a key investor in the UK, with over £86 billion invested. The UK-Japan Economic Partnership aims to unlock further opportunities for business. A UK trade delegation is joining the visit to promote investment and open new markets for British companies in Japan.
This partnership will expand cooperation in critical areas. Both nations remain committed to a fair trading system, joint research into emerging technologies, and increased investment in innovation. In addition, defence industrial cooperation will strengthen security across the Indo-Pacific while delivering jobs at home.
Louise Hellem, Chief Economist at the CBI, emphasised that collaboration with like-minded partners such as Japan is essential for achieving the government’s Growth Mission. For UK companies looking to expand globally, Japan’s dynamic economy offers significant opportunities.
This new step in the UK-Japan Economic Partnership will enable deeper cooperation in digital technology, advanced manufacturing, and sustainability. Together, both nations are shaping a stronger future for trade, innovation, and shared prosperity.
