UK and Japan: Trade and Investment post-Brexit
2016/10/4
Lord Price CVO
Embassy of Japan
On the afternoon of Tuesday 4October 2016, the Embassy of Japan, JCCI UK, the Japanese Chamber of Commerce and Industry in the UK, and JETRO, the Japan External Trade Organization, co-hosted an event titled “UK and Japan: Trade and Investment post-Brexit”.
The event was an opportunity for Japanese companies to receive a briefing from the UK government on preparations for Exiting the EU and UK-Japan trade and investment relations. This was a chance to cultivate stronger links between the UK government and Japanese companies through an open exchange of opinions.
In his briefing, Lord Price CVO, Minister of State at the Department for International Trade, explained the current UK government approach towards Exiting the EU and spoke frankly about the priorities for the UK in regard to its future trade policy.
His briefing was followed by an open discussion with the audience, made up of around 100 Japanese companies. Lord Price articulated that a future deal with the EU would reflect the UK’s position as an open, global economy and would take into account, where possible, Japanese companies’ desire to see a clear regime for the movement of goods between the UK and EU, maintenance of a conducive investment environment, a continued focus on supporting growth of the services industry and allowing smooth financial transactions across Europe. Japanese companies also made clear their desire to see no barriers to accessing a European workforce with the necessary skills to ensure companies can compete on the global stage and retention of harmonised regulations and standards between the UK and the EU.
During the discussion, Lord Price CVO stressed the importance of trade and investment relations between Japan and the UK and emphasised the need for the two countries to work together in partnership to take advantage of the opportunities presented by Brexit.
He also stressed the importance of such events for both the UK government and Japanese companies, and promised that the UK will ensure that Japanese companies can continue to flourish in the UK following the decision to leave the European Union.
The event was an opportunity for Japanese companies to receive a briefing from the UK government on preparations for Exiting the EU and UK-Japan trade and investment relations. This was a chance to cultivate stronger links between the UK government and Japanese companies through an open exchange of opinions.
In his briefing, Lord Price CVO, Minister of State at the Department for International Trade, explained the current UK government approach towards Exiting the EU and spoke frankly about the priorities for the UK in regard to its future trade policy.
His briefing was followed by an open discussion with the audience, made up of around 100 Japanese companies. Lord Price articulated that a future deal with the EU would reflect the UK’s position as an open, global economy and would take into account, where possible, Japanese companies’ desire to see a clear regime for the movement of goods between the UK and EU, maintenance of a conducive investment environment, a continued focus on supporting growth of the services industry and allowing smooth financial transactions across Europe. Japanese companies also made clear their desire to see no barriers to accessing a European workforce with the necessary skills to ensure companies can compete on the global stage and retention of harmonised regulations and standards between the UK and the EU.
During the discussion, Lord Price CVO stressed the importance of trade and investment relations between Japan and the UK and emphasised the need for the two countries to work together in partnership to take advantage of the opportunities presented by Brexit.
He also stressed the importance of such events for both the UK government and Japanese companies, and promised that the UK will ensure that Japanese companies can continue to flourish in the UK following the decision to leave the European Union.
The Embassy of Japan
