4
Attractive
International
Opportunities
- TRADE AGREEMENTS
- EXPORT OF QUALITY INFRASTRUCTURE
- TOURISM
- JAPANESE FOOD / AGRICULTURE
- REGIONAL REVITALIZATION
Core issues, like growing sustainably, are faced by all nations. We believe in innovating together, opening our markets and offering our best products and services abroad.
TRADE AGREEMENTS
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TPP11 (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) entered into force in December 2018
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Japan-EU EPA (Japan-EU Economic Partnership Agreement) entered into force in February 2019
- One of the world’s largest bilateral free trade deals
- Will eliminate nearly all customs duties between the two sides
- A model for 21st century economic order, based on tariff-free trade and fair rules
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Promote negotiations of other EPAs (Economic Partnership Agreements) such as RCEP (Regional Comprehensive Economic Partnership)
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Japan-U.S. Trade Agreement entered into force in January 2020
Achievements
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FTA (Free Trade Agreement) coverage ratio has reached over 50%
- Trade value base, in force or signed
Source: Calculated by Ministry of Economy, Trade and Industry based on Ministry of Finance “Trade Statistics of Japan” (January 2018–December 2018, Fixed numbers)
EXPORT OF QUALITY INFRASTRUCTURE
For more information: https://www.japan.go.jp/sustainable_future/infrastructure/
- Provide financing to infrastructure projects across the world of approximately USD 200 billion by 2021
- Strengthen competitiveness through public-private cooperation and collaboration with partner countries
- Promote participation in project operation and its management to expand market opportunities
- Expand quality infrastructure investment based on the “G20 Principles for Quality Infrastructure Investment,” taking advantage of Japanese technologies and expertise
Achievements
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Infrastructure project orders received
Source: Cabinet Office “43rd Meeting of the Management Council for Infrastructure Strategy”
*Approximate figure
TOURISM
- Develop the DMOs,* which manage the local resources and coordinate the local tourism development, and train tourism management specialists.
- Promote branding of national parks and usage of cultural properties, as well as encourage foreign tourists to visit various parts of Japan by enhancing the quality and variety of experiences during their stay
- Improve the tourist experience with additional free Wi-Fi spots and cashless payment options, etc.; promote private lodging services under certified procedures
Achievements
- Inbound tourists in 2019
-
Source: Japan National Tourism Organization, Japan Tourism Agency “International Visitor Survey”
* Destination Management/Marketing Organizations
JAPANESE FOOD / AGRICULTURE
- Support further the growing popularity of Japanese food around the world to meet rising consumer demand for more health-conscious cuisine
- Boost export potential to five trillion yen by 2030
- Strengthen export promotion through The Japan Food Product Overseas Promotion Center (JFOODO)
- Accelerate the accumulation and consolidation of farmland for agricultural businesses via Farmland Banks
- Introduce similar approaches to modernize forestry and fishery industries
Good food for good life
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Ratio of obesity in the Japanese population (aged 15-) is 3.7%, the world’s lowest standard (versus a 19.5% average for OECD 34 nations
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Life expectancy in Japan is 84.1 years, the world’s highest standard (versus 80.6 years for OECD 35 nations)
Achievements
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Exports of agricultural, forestry, and fishery products
Source: OECD Health Statistics 2017, Ministry of Finance “Trade Statistics of Japan”
REGIONAL REVITALIZATION
Ensure Japan’s economic recovery reaches all corners of the country to create a more sustainable and self-reliant society
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Welcome foreign business and investment to areas outside of the major cities, highlighting the rich opportunities in local areas
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Remove geographical constraints when living in regional areas through new technologies, such as IoT
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Pave the way for the creation of IR (Integrated Resort) facilities that “integrate” hospitality with entertainment and conference spaces, as well as cultural and casino options
- Create world’s first comprehensive legal framework for the IR industry
- Reinstate Japan as the premium Asia hub for corporate travel and conventions (i.e., MICE*)
- Use up to 3 IR licenses to revitalize various regions of Japan with a new business sector
- Closely regulate casino activities to address gambling addiction
*MICE: Meetings, Incentives, Conventions, and Exhibitions
