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UK PM holds roundtable with senior representatives of Japanese businesses

16:32 16 February in Asia Pacific, Japan, Markets

Prime Minister, Theresa May, recently held a roundtable at 10 Downing Street with senior representatives of Japanese businesses that are significant investors in the UK. During the meeting, she discussed the role of the modern Industrial Strategy in making the UK an even more attractive destination for Japanese and international investment, as well as the UK-Japan trade and investment relationship. Discussions also covered the opportunities and challenges presented by the UK’s exit from the EU.

A Downing Street spokesperson said: “The Prime Minister set out her vision for an outward looking, global Britain, and the long-term opportunities presented by the modern Industrial Strategy.

“The strength of the trade, investment and cultural relationship between the UK and Japan was discussed. The Japanese businesses present spoke of their desire to continue trading with, and investing in the UK.

“The Prime Minister reaffirmed the Government’s commitment to securing a new deep and special partnership with the EU as the UK leaves the EU.

“She reiterated her commitment to global free trade, and she recalled her discussions with Prime Minister Abe in Japan in August last year, and their agreement that, as the UK exits the EU, the UK and Japan will work quickly to establish a new economic partnership based on the final terms of the EU-Japan Economic Partnership Agreement.”

Masako Eguchi-Bacon, who is the Japanese market specialist for Thames Valley Chamber of Commerce’s (TVCC’s) Japan Desk and has over 25 years’ experience of managing bilateral business relationships, welcomed this news.

Ms Eguchi-Bacon commented: “In view of Brexit, the UK-Japan relationship is becoming increasingly important. TVCC works closely with the Osaka Chamber of Commerce (OCCI) and has developed new connections and trade and investment opportunities with Osaka and the wider Kansai region. Previously, TVCC and OCCI Chambers signed a Memorandum of Understanding (MoU) in 2014, leading to an even greater working relationship between the two regions.”

The Chamber recently led a team of 12 on its latest four-day Trade Mission to Kansai, Japan. Delegates had the opportunity to participate in a series of high profile b2b meetings and seminars with leading experts from across the technology sector in Kansai, as well as to meet representatives from the respective Consulate Generals’ and METI (Ministry of Economy, Trade and Industry) KANSAI to help establish important future partnerships.

More information on the Prime Minister’s roundtable can be found here.