Sunday

25th Feb 2018

Japans warns UK of job losses if it leaves EU

  • MPs are expected to debate the 'balance of competences' review (Photo: UK Parliament)

Japan has become the latest economic power to urge the UK not to leave the EU, warning that the move could put over 100,000 jobs on the line.

The warning comes as the UK government prepares to publish the first batch of audits on EU policy making this week as part of its 'balance of competences' review.

Thank you for reading EUobserver!

Subscribe now for a 30 day free trial.

  1. €150 per year
  2. or €15 per month
  3. Cancel anytime

EUobserver is an independent, not-for-profit news organization that publishes daily news reports, analysis, and investigations from Brussels and the EU member states. We are an indispensable news source for anyone who wants to know what is going on in the EU.

We are mainly funded by advertising and subscription revenues. As advertising revenues are falling fast, we depend on subscription revenues to support our journalism.

For group, corporate or student subscriptions, please contact us. See also our full Terms of Use.

If you already have an account click here to login.

In a written submission to the UK as part of the review revealed over the weekend, the Japanese government said that 1,300 Japanese companies had invested in the UK, creating over 130,000 jobs.

"This fact demonstrates that the advantage of the UK as a gateway to the European market has attracted Japanese investment," it stated, adding that it expected that "the UK will maintain a strong voice and continue to play a major role in the EU."

The UK is keen for the EU to shift its priorities towards trade promotion such as the just underway negotiations with the US on a free trade agreement.

Meanwhile, talks aimed at securing an EU trade deal with Japan, the world's third largest economy, are also expected to start formally in the coming months.

For its part, the US government has also repeatedly cautioned the UK against leaving the EU.

Foreign secretary William Hague launched the 'balance of competences' review in July 2012 claiming that it would serve as an audit of EU policy making across a range of areas but would not bind the government in negotiations.

Over 30 separate reports covering policies ranging from trade and the single market to foreign and development policy are expected to be published between now and autumn 2014.

The conservative/liberal coalition has also adopted legislation to create a 'referendum block', meaning that all future EU treaty changes involving further transfers of power to Brussels would be subject to a public vote.

A government memo launching the review commented that it would serve as "an audit of what the EU does and how it affects the UK."

"It is important that Britain has a clear sense of how our national interests interact with the EU’s roles, particularly at a time of great change for the EU," it added.

Earlier this year, prime minister David Cameron outlined plans to renegotiate the terms of the UK's EU membership and then hold an 'in/out' referendum if his Conservative party wins the next election.

US and Japan warn UK on EU trade

Washington and Tokyo say trade relations with the EU are more important to them than those with Britain in the context of Brexit.

Opinion

Japan is back: Is Europe ready?

The expected free trade agreement between the EU and Japan will help the historic partners to forge a solid and mutually advantageous anchor in the troubled waters of current international politics.

News in Brief

  1. EU calls for immediate ceasefire in Syria
  2. UK's post-Brexit vision is 'pure illusion', Tusk says
  3. EU leaders express solidarity with Cyprus in Turkey drill row
  4. EU to double funding for Sahel forces
  5. EU parliament president: 'The immigration problem is Africa'
  6. May to unveil EU departure strategy next week
  7. Pregnant workers may be dismissed, EU court rules
  8. Romanian minister demands anti-corruption prosecutor fired

Stakeholders' Highlights

  1. ILGA EuropeAnkara Ban on LGBTI Events Continues as Turkish Courts Reject NGO Appeals
  2. Aid & Trade LondonJoin Thousands of Stakeholders of the Global Aid Industry at Aid & Trade London
  3. Macedonian Human Rights Movement Int.European Free Alliance Joins MHRMI to End the Anti-Macedonian Name Negotiations
  4. Mission of China to the EUChina-EU Tourism Year to Promote Business and Mutual Ties
  5. European Jewish CongressAt “An End to Antisemitism!” Conference, Dr. Kantor Calls for Ambitious Solutions
  6. UNESDAA Year Ago UNESDA Members Pledged to Reduce Added Sugars in Soft Drinks by 10%
  7. International Partnership for Human RightsUzbekistan: Investigate Torture of Journalist
  8. CESICESI@Noon on ‘Digitalisation & Future of Work: Social Protection For All?’ - March 7
  9. UNICEFExecutive Director's Committment to Tackling Sexual Exploitation and Abuse of Children
  10. Nordic Council of MinistersState of the Nordic Region 2018: Facts, Figures and Rankings of the 74 Regions
  11. Mission of China to the EUDigital Economy Shaping China's Future, Over 30% of GDP
  12. Macedonian Human Rights Movement Int.Suing the Governments of Macedonia and Greece for Changing Macedonia's Name

Latest News

  1. EU agrees budget to focus on defence, security and migration
  2. EU leaders nix transnational lists, cool on 'Spitzenkandidat'
  3. Regions chief: calls for smaller EU budget are 'impossible'
  4. Election fever picks up This WEEK
  5. EU-Morocco fishing deal casts doubt on EU future foreign policy
  6. EU leaders put 'Spitzenkandidat' on summit menu
  7. European far-right political party risks collapse
  8. The key budget issues on EU leaders' table