Japan would welcome UK to Pacific Trade Deal
Prime Minister Shinzo Abe has said Japan would welcome the UK "with open arms" if it applied after Brexit to join the Trans-Pacific Partnership (TPP) free trade pact.
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Originally, the United States were part of the agreement but one of President Donald Trump's act after assuming power last year was to pull out of the deal, describing it as “a potential disaster for our country”.
A bright future outside of the EU?
Although Mr Abe originally said the TPP would be "meaningless" without the US, his enthusiasm for the pact has subsequently increased substantially and his warm welcome for the UK's participation was being seen as a boost for Brexiteers who argue the UK could have a bright economic future outside the EU.Concerns over UK qualifying to join the TPP
However, Mr Abe told the FT that he wanted to see a constructive agreement reached in the Brexit talks. "I hope that both sides can contribute their wisdom and at least avoid a so-called disorderly Brexit," he said."I truly hope that the negative impact of Brexit to the global economy, including Japanese businesses, will be minimised."As the winter edition of Relocate Magazine reports in its feature on the prospects of future trade deals for the UK, concerns have been raised that Britain will not qualify to join the TPP if it adopts a post-Brexit 'common rule book' with the EU covering human, animal and plant health.The latest issue of Relocate magazine is out now! Take a peek here! @fullbreak
Additionally, Mr Abe's welcome to Britain's involvement in the TPP comes after Koji Tsuruoka, Japan’s ambassador to the UK, painted a depressing picture of Japanese involvement in the British economy if the Brexit deal put profits at risk.“If there is no profitability of continuing operation in the UK – not Japanese only – no private company can continue operation. It’s as simple as that,” he told ministers at a meeting in London.For related news and features, visit our Brexit section.Relocate’s new Global Mobility Toolkit provides free information, practical advice and support for HR, global mobility managers and global teams operating overseas.
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