appears really quite significant...
1. This is Japanese HQs talking, not local management
2. Asking for something not legal under WTO rules, which they know - so sending broader message
Comes after our story last week of Frost letter saying “cant insist on” third country parts
1. This is Japanese HQs talking, not local management
2. Asking for something not legal under WTO rules, which they know - so sending broader message
Comes after our story last week of Frost letter saying “cant insist on” third country parts
https://twitter.com/pernilleru/status/1313051137877192704
Some context: Informal suggestions were made on reimbursing UK-EU tariff costs to Japanese manufacturers who had invested over decades on basis of seamless access to EU single market, as far back as 4 years ago, but back then they told the Government it would be illegal under WTO
A multi-company Japan HQ ask of UK Government has car industry insiders suspecting that Japan’s formidable METI ministry would have known about it too. Certainly, many of the very same issues as first raised in Japan’s post referendum pre 2016 G20 letter, are now materialising
Eg Frost letter to car industry, that we revealed last week says “obviously we cannot insist upon” extended cumulation of foreign parts, risking tariffs even IN a deal on some UK-EU car exports - issue raised by Japanese Govt in G20 letter, 4 years ago:
https://twitter.com/faisalislam/status/772339335140171776?s=21
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