Sunak, who is visiting Tokyo ahead of the G7 leaders’ summit in Hiroshima, said the 17.7 billion pounds ($22 billion) in investment by Japanese companies is a “big vote of confidence” in the British economy.
The investment includes £10bn of planned funding for wind and hydrogen projects from Japan’s Marubeni, according to Downing Street.
Sunak pointed out that these agreements showed the fruits of post-Brexit, after Britain became the first non-regional economy to join the Trans-Pacific Free Trade Partnership.
However, London’s exit from the European Union remains a major issue for businesses.
European carmaker Stelantis has warned it could close a number of factories in Britain if the Sunak government does not change Brexit-related trade laws to make it easier to supply batteries for electric cars.
Ford, Jaguar Land Rover and the automaker’s lobby group the VDA have all joined calls for duty-free access to be maintained despite the approaching deadline for the car’s exit deal. Great Britain with the European Union.
“It’s something that carmakers across Europe, not just in Britain, have raised as a concern,” Sunak told British media in Japan.
“As a result, we are in dialogue with the European Union on how we can address these concerns as they relate to car manufacturing in general,” he added.
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