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Japan opens door to UK membership of TPP post-Brexit

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Addis Ababa, October 8, 2018 (FBC) – Japan’s prime minister says his country would welcome the UK “with open arms” into the Trans-Pacific Partnership (TPP) trade deal after Brexit.

Shinzo Abe said that while Britain would lose its status as a gateway to Europe after it leaves the EU, the country would remain “equipped with global strength”.

Commenting on the continuing dialogue between Brussels and London, he told the Financial Times: “I hope that both sides can contribute their wisdom and at least avoid a so-called disorderly Brexit.

“I truly hope that the negative impact of Brexit to the global economy, including Japanese businesses, will be minimised.”

Mr Abe spoke up at a time when Japanese companies with operations in the UK prepare for its looming departure from the EU next year.

A string of businesses, including Panasonic and banks Daiwa and Nomura, have already moved their European headquarters out of Britain.

The Japanese PM’s remarks on TPP signal that his country recognises the strengths of UK trade links and the potential for growth at a time when protectionism is on the rise.

Source: Sky News