Toyota statement on conclusion of UK and EU Summit and announcement of Withdrawal Agreement
by Dr Johan van Zyl, President and CEO, Toyota Motor Europe.
Toyota welcomes the announcement that the UK Government and the European Union have reached a deal on a withdrawal agreement. We hope that the UK and European parliaments will now both be able to ratify this deal.
Commenting on the agreement, Dr Johan van Zyl, President and CEO, Toyota Motor Europe said:
We welcome the announcement of a deal. It would provide business with the certainty of a transition period and help avoid the significant production disruption a ‘No Deal’ outcome would have for ‘Just in Time’ supply chains in the automotive industry.
We appreciate that these have been challenging negotiations. We ask that UK and EU political leaders are able to make use of an implementation period to agree a future trading relationship that secures free and frictionless trade and common technical standards, which we believe are fundamental to maintaining the competitiveness of the automotive sector.