Keidanren welcomes the approval of the Brexit withdrawal agreement between the UK and the EU during the recent EU summit.

The impact of a withdrawal without an agreement (No-deal) would be immense and this scenario should be avoided at any cost. Therefore, we expect the withdrawal agreement to be ratified by both sides as soon as possible. We strongly hope to see measures as flexible as possible on both sides to set a transition period immediately that would maintain the status quo and to ensure the smooth withdrawal of the UK from the EU.

Keidanren intends to keep a close eye on the situation as a continuing matter of grave concern.