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With just months to go before the U.K.'s transition out of the European Union, Japan and Britain’s broad agreement on a bilateral free trade pact came as a relief for both sides as the clock ticks down.

While the main agenda item during their negotiations was to seal the deal under the tight year-end deadline to avert any fallout from Brexit, Japan and the U.K. also aimed for more ambitious terms compared to the Japan-EU Economic Partnership Agreement.

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