Given the conclusions reached at the European Council on 17th October in relation to Brexit, the President of the JBCE, Toru Morita, commented that, “The JBCE is extremely concerned over the current status of the Brexit negotiations. A ‘No deal’ Brexit would bring severe consequences to all business sectors. For decades JBCE member companies, multinational companies with Japanese parentage, have invested in and contributed to the economies and societies of the EU and the UK. We have broad and complex supply chains in Europe, including in the UK. To avoid a chaotic situation for businesses and citizens, we urge the earliest conclusion of the Withdrawal Agreement which secures the Transition Period immediately after Brexit day. In addition to that, regarding the future EU-UK relationship, we call for the establishment of a framework to cultivate an economic relationship that is as close as possible.”