Japan and UK strengthen economic and defense ties ahead of G7 summit.

1 min read
Source: Al Jazeera English
Japan and UK strengthen economic and defense ties ahead of G7 summit.
Photo: Al Jazeera English
TL;DR Summary

Japanese companies are set to invest more than $22bn in the UK economy, including funding for offshore wind power and other clean energy projects. The investment is seen as a "massive vote of confidence" in the UK economy by British Prime Minister Rishi Sunak. However, carmakers have expressed concerns about Brexit trade rules, with Stellantis warning it could close some UK factories if trade rules are not tweaked to ease the supply of batteries for electric vehicles. Sunak said the UK is engaged in a dialogue with the EU to address these concerns.

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