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Barroso calls for Japanese law reform on foreign enterprise

brussels bureau

Barroso calls for Japanese law reform on foreign enterprise


Ahead of the 15th annual EU-Japan summit, Jose Manuel Barroso briefly has begun his first visit to the archipelago as European Commission President with a courtesy call on Prime Minister Junichiro Koizumi.

While praising the robust health of the world’s second-biggest economy, he urged Japan to make life easier for European companies established there.

He said Tokyo could improve the environment for enterprise, in particular through abolishing barriers for investment.

Barroso called openly for reform of Japanese legislation governing mergers and acquisitions.

The Monday summit agenda will be dominated by global trade negotiations, energy supply and questions of security in Asia.

In a speech, the Commission chief said he hoped the meeting would also serve to reinforce the strategic partnership between Japan and the EU.

Addressing the European Union’s arms embargo on China, he said it could not be lifted unless Beijing made progress on human rights.

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