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4

Attractive
International
Opportunities

  • ECONOMIC PARTNERSHIP 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.

ECONOMIC PARTNERSHIP AGREEMENTS

ECONOMIC PARTNERSHIP AGREEMENTS

  • Comprehensive and Progressive Agreement for TPP11 (Trans-Pacific Partnership) entered into force in December 2018

  • 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
  • Promote negotiations of other EPAs (Economic Partnership Agreements) such as RCEP (Regional Comprehensive Economic Partnership)

flagAchievements
  • 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)

    FREE TRADE

EXPORT OF QUALITY INFRASTRUCTURE

EXPORT OF QUALITY INFRASTRUCTURE

TOURISM

TOURISM

  • Develop the DMOs* that manage local resources and coordinate 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
flagAchievements
  • Inbound tourists in 2018
    24million tourists with and expenditure of 4.4trillion yen
  • TOURISM

Source: Japan National Tourism Organization, Japan Tourism Agency “International Visitor Survey”
* Destination Management/Marketing Organizations

JAPANESE FOOD / AGRICULTURE

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 one trillion yen by 2019
    • Strengthen export promotion through the Japan Food Product Overseas Promotion Center (JFOODO)
  • Accelerate the accumulation and consolidation of farmland for agricultural businesses through full-capacity operation of Farmland Banks, which were established in 2014
  • Introduce similar approaches to modernize forestry and fishery industries
flagGood food for good life
  • Ratio of obesity in the Japanese population (aged 15-) is 3.7%, the world’s lowest standard (versus a 19.4% average for OECD 34 nations)

  • Life expectancy in Japan is 83.9 years, the world’s highest standard (versus 80.6 years for OECD 35 nations)

flagAchievements
  • Exports of agricultural, forestry, and fishery products

  • Exports of agricultural, forestry, and fishery products

    Source: OECD Health Statistics 2017, Ministry of Finance “Trade Statistics of Japan”

REGIONAL REVITALIZATION

REGIONAL REVITALIZATION

Ensure Japan’s economic recovery reaches all corners of the country by working with all stakeholders to create a more sustainable and self-reliant society, utilizing the unique characteristics of every region.

  • Welcome foreign business and investment to areas outside of the major cities, highlighting the rich opportunities in local areas

  • Remove geographical constraints when living in regional areas through new technologies, such as IoT

  • Pave the way for the creation of IR (Integrated Resorts), facilities that “integrate” hospitality with entertainment, conferences space, as well as cultural and casino options,
    in order to broaden the appeal among both business and leisure travelors

    • 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

4

Attractive
International
Opportunities

  • ECONOMIC PARTNERSHIP AGREEMENTS
  • EXPORT OF QUALITY INFRASTRUCTURE
  • TOURISM
  • JAPANESE FOOD / AGRICULTURE
  • REGIONAL REVITALIZATION

ABENOMICS TOP

Build on international opportunities