Toyota chief urges UK, EU to avoid no-deal Brexit ‘at all costs’

20 October 2018 12:09 am - 0     - {{hitsCtrl.values.hits}}


TOKYO (AFP) - The head of Toyota, who leads a group of Japanese automakers, yesterday urged Britain and the European Union to avoid a no-deal Brexit “at all costs.”

The statement from Akio Toyoda comes after EU leaders on Thursday warned Britain that they would offer no more concessions to break a deadlock in Brexit negotiations.

“Apprehension is therefore growing that a ‘withdrawal without agreement’ may become a reality,” wrote Toyoda in a rare statement posted on the Japan Automobile Manufacturers Association website.

“We hope that both the UK and EU governments will continue to make maximum efforts to reach a satisfactory settlement and that a ‘withdrawal without agreement’ is avoided at all costs,” he said.


The statement warned that a no-deal Brexit could have disastrous consequences for the industry, including suspended production, declining revenue and rising vehicle prices because of increased logistics and production costs.

Toyoda said Japanese automakers employed 170,000 people throughout the EU, including in Britain, and warned that the firms require “an unimpaired trade environment between the United Kingdom and European Union.”

And he called for “flexible responses” after Britain’s withdrawal to sure businesses can continue to function smoothly during the transition.

European leaders gathered in Brussels this week for Brexit talks but made little progress, with British Prime Minister Theresa May only suggesting a longer transition period.

EU leaders have warned that Britain may now crash out of the regional group in March without any agreement.

The EU’s chief Brexit negotiator Michel Barnier said yesterday the thorny issue of the border between Ireland and the British province of Northern Ireland could sink Brexit negotiations.

“I believe we need a deal. I’m not yet sure we’ll get one. It is difficult, but possible.”



  Comments - 0

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment

The 20th Amendment Bill Lest We Forget

Strident calls were repeatedly made from many quarters for the 19th Amendment

Public transport 'side-laned'?

“Miss, mantheeru neethiya nisa api bus passen yanna one. Ithin drop eka par

Land acquisitions in Hanthana and Knuckles Mountain ranges

Sri Lankans will soon lose their opportunity to boast about the rich biodiver

Wanathawilluwa forest clearance: Whodunit?

Days after the Anawilundawa Ramsar Wetland, situated in Puttalam District, ma