Mrs May will have a meeting with president Xi on Monday, after the conclusion of the two-day G20 summit of leaders of the world’s richest nations in Hangzhou.
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An official Japanese government task force on Brexit, has collated views of big Japanese companies from vehicle companies to banks and pharmaceutical companies that invest in the UK.
Japan’s Ministry of Foreign Affairs has published a 15-page document setting out the concerns that country’s businesses have about Brexit.
It lists the consequences if the requirements are not delivered.
“It’s not absolutely clear at the moment but there will be a moment where we will have a negotiation; we will see the terms the rest of Europe are offering”.
It suggests Japanese vehicle companies fear that they will be hit by a double whammy of trade tariffs.
“That was not part of the security briefing”, an official said.
But Obama suggested that London would have to wait its turn before the United States prioritized a new, separate trade deal with a Britain outside the EU.
He also said that he “continues to believe” that the World would be more prosperous if Britain remained a member of the EU.
“Of course we’d need measures to control European Union migrants who came to the United Kingdom and chose to work if they didn’t have appropriate entitlements but we’ve already got legal mechanisms to deal with that because we’ve criminalised working without proper permission”, she told the programme. England, Wales and Northern Ireland are the others.
As for pharmaceuticals, the task force said that if the European Medicines Agency were to move to the continent, “the appeal of London as an environment for the development of pharmaceuticals would be lost. this could force Japanese companies to reconsider their business activities”.
These Japanese companies have counted on unfettered access to the giant European Union market in their investment decisions that the report says have created 440,000 jobs in Europe.
British Prime Minister Theresa May made no mention of a looming row with Beijing over her suspension of a partly Chinese-funded nuclear power station deal.
Theresa May is likely to meet Mr Abe later this month in NY.
Theresa May has welcomed signs that the economic reaction to Brexit has been better than anticipated, but cautioned against over optimism.
May was speaking as she traveled to the Group of 20 summit in Hangzhou, China, where she’ll make the case that Britain can be a champion of free trade, while warning of the risk of anti-globalization sentiment from those who see themselves hurt by the lowering of barriers.
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Asked whether the National Security Council would be examining the project, in which the state-owned China General Nuclear would take a one-third stake, Mrs May said: “I’m going to be looking at all the evidence around this issue”. “There will be some hard times ahead”. “We have to take all the data into account; by the time of the autumn statement there will be more data available”.
