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International Trade Questions: Japan

On Thursday, I asked the Secretary of State for International Trade – the brand new Department created by the Prime Minister following the EU referendum result – what he made of the recent comments by the Japanese government on the UKs vote to leave the EU.

The Japanese ambassador announced that he cannot guarantee that Japan will continue to invest into the UK following Brexit. I believe this threw a huge bucket of cold water over the new Secretary of States plans. Japan is one of our biggest international partners with the Nissan plant in the north east of England being a prime example.

The Secretary of State, Dr. Liam Fox, stated that he had a “constructive” discussion with the Japanese ambassador. However, he was unable to outline what he will be hoping to achieve, in terms of a trade deal, with Japan. If the Government cannot give an indication of what they want to achieve with such a large investor into the UK, I fear what the future of our trading relationship will be.

I will continue to pressure this new Department and Secretary of State to achieve the best possible outcome for the UK, and Delyn in particular.

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