CONFIDENTIAL
EC Integration
Kaifu is likely to ask about developments towards EC integration. There have been some recent signs that Japanese concern over UK attitudes towards the Community
is discouraging inward investment (a report on NEC's
strategy in Europe is being submitted separately). The
Prime Minister may wish to say that:
The UK continues to play an influential role in
the Community: the UK has led the way on 1992, which
remains the core of the current agenda.
- Our ideas have also been instrumental in making
the debate on political union more practical,
focussing on the balance between Community and
national institutions.
We shall be pursuing vigorously our recent
proposals on EMU, which are widely recognised as a
positive and serious contribution to the IGC
preparations.
-
UK remains the best location within the EC for
Japanese investment. Japanese companies already
here have been very successful. We would welcome
more.
UK-Japanese Relations
The Japanese have asked to discuss our bilateral
CONF IDENTIAL
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