Article 50: Next Steps
April 5, 2017
Following Prime Minister Theresa May’s speech about the UK’s negotiating principles in approaching the departure from the European Union, the Prime Minister invoked Article 50 on March 29 - beginning formal negotiations on Brexit.
What implications does this historical legislation have for UK-Japan business and what happens next?
On 5 April 2017, BCCJ members attended a meeting at the British Embassy to hear directly from UK Ambassador to Japan, Paul Madden CMG, on the current situation around the UK exiting the EU and the UK’s new industrial strategy in a Japan context.
Attendees learned more about the timeline of events in the Brexit process; the short-term risks and long-term opportunities for Japanese corporate investors with stakes in the UK and the rest of Europe; and the ongoing dialogue between the UK government and stakeholders in Japan.
The meeting was an excellent opportunity for members to share their thoughts and experiences – as businesses grounded in Japan – on the past 9 months following the referendum. The ambassador praised the strong communication and active exchange between the UK and Japanese sides.
BCCJ member companies gained new insights and were encouraged by Ambassador Madden to continue to provide feedback and participate in the ongoing discussion. He emphasised the need for continued exchange and input from both sides, and ensured BCCJ members that the embassy and the chamber would continue to work closely together.
For news and updates on the UK’s intention to leave the EU, follow the website of the British Embassy Tokyo.
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