Japan avoids British entrance to Europe at Brexit

Japan avoids British entrance to Europe at Brexit

World October 3, 2018 14:00

- Japan has threatened the British prime minister May that his companies will no longer use the United Kingdom as an entrance to the European Union as the Brexit increases costs.

At a meeting of a Japanese trade delegation in London, at least nineteen companies expressed their concerns about the rising costs of the planned departure from the European Union.

'No private company can continue its activities' if the United Kingdom becomes unprofitable, according to the representative. 'It's that simple. '

Japanese companies will not wait until the Brexit starts next year, says his ambassador. A growing number of them are shifting their companies from the United Kingdom or threatening to scale back investments because the country leaves the European Union without a deal.

Toyota reported on Saturday that it would temporarily have to shut down its production in its factory in Derby if a so-called hard Brexit continues.

Leave a comment

The HOTRECENTNEWS.com is not responsible for the content of external sites.


Back to Top