“We cannot wait”: Panasonic is moving its EU headquarters to Amsterdam ahead of Brexit” tells us Panasonic Europe’s CEO Laurent Abadie. We have been studying this for almost one year, and evaluating everything, and then we decided a few months ago to move forward. He added that the company had examined potential tax issues, as well as its ability to move goods and capital, before deciding that it had to move.
Abadie added that, for many Japanese companies, the UK has long served as an entry door to the European market. “After Brexit, the UK cannot be the entry door to Europe any more, that’s a fact.” (Quarz)
More details from:
The EU Single Market
The EU-Japan Centre for Industrial Cooperation has just released 2 major Publications about the EU and its Single Market, as an attractive destination for Japanese investors. The link to the Centre’s Publication page is: http://www.eu-japan.eu/publications
GBMC heavily contributed, as main author, to the Destination Europe Project, among others, carrying Interviews of selected Japanese companies established in Europe, as well as doing the field research and drawing a wide Panorama of key Industries in the EU. The 2 Reports are the following ones:
1) Title: “An assessment of key EU industrial sectors open to Japanese technological cooperation and investment”
This publication will help Japanese researchers, companies and other organisations take advantage of the considerable opportunities to establish and develop industrial activities or relationships in the EU. It begins with an explanation of how EU industry is expected to change, the impact and benefits the EU Single Market offers, how IPR protection is simplifying and strengthening, and new opportunities under the EU’s Horizon 2020 programme. Then, it identifies key industrial sectors and sub-sectors likely to be of potential interest to Japan, including brief mention of some of the countless recent examples demonstrating the already-close industrial ties. Finally, its case studies outline the experience of 14 Japanese companies and business federations which have established activities in Europe.
Direct Link: http://www.eu-japan.eu/sites/eu-japan.eu/files/AnAssessmentOfKeyEUIndustrialSectors_FINAL.pdf
2) Title: “Destination Europe – The EU Single Market: an attractive destination for Japanese FDI”
This publication is an information material on the European Union as an attractive destination for Japanese investments. The European Union has historically been a major destination for foreign direct investment, offering Japanese companies the benefits of a Single Market of more than 500 million people. At the same time, there is still a considerable potential for further expansion of Japanese investment activity in the EU Member States now that the economies of Japan and the EU are on the way to becoming even more integrated as a result of the ongoing Free Trade Agreement negotiations. Japanese companies and investors will find useful information about the benefits of the EU Single Market that will encourage them to invest in one or several of our 28 Member States.
Direct Link: http://www.eu-japan.eu/sites/eu-japan.eu/files/DestinationEurope_1.pdf
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