Norton Motorcycles has signed a new £20m export deal to Japan, which will support 200 jobs in the UK and see around 1,000 new motorbikes sold to Japanese customers over the next five years.
The deal was announced yesterday, as Japanese Prime Minister Shinzo Abe met with Prime Minister Theresa May in London – and it’s part of a series of new deals for British and Japanese companies and farmers worth over £200 million.
Kay Johnson, head of global sales and marketing at Norton motorcycles said: “Norton have an agreement with our distributor, PCI Limited in Japan which will run over a five-year term to manufacture over 1,000 bikes and will achieve an estimated value of £5m. We very much look forward to growing our workforce to support the demand for motorbikes in this territory and, in doing so, continue to build a strong trading business with Japan.”
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International Trade Secretary Dr Liam Fox said: “The UK and Japan are among the strongest champions of free trade and an even closer relationship as we leave the European Union will help us to rally against the protectionist measures around the world that risk making us all poorer. That’s why today we have committed to reduce global trade tensions, reform global trading rules and bring a new UK-Japan free trade agreement into force as soon as possible.”