As one of the largest economies in the world, Japan is a large, lucrative and trend-setting import market. The country is a significant energy importer and the world’s largest net importer of food. Home to 71 Fortune 500 corporations, Japan has manufacturing, exporting and trading companies that are at the heart of supply and value chains that reach across Asia and around the world. Japan is also considered one of the world’s most innovative nations on the strength of its massive investment in scientific research and tremendous success in the commercialization of new discoveries. Long recognized as a global leader in design, applied technology and advanced manufacturing, it is a cutting-edge player in energy conservation and environmental technology, digital electronics and nanotechnology, hybrid automobiles, specialty steel, machinery and robotics. Japan, however, is still a complex and protected market that demands great patience and persistence. A number of market barriers remain in place, most notably in agri-food and forestry products.
The Government of Canada has identified Japan as a Global Commerce Strategy (GCS) priority market—based on extensive consultation with government, academic and Canadian business and industry representatives—and has developed a comprehensive Market Plan that identifies the following sectors as offering clear market opportunities well suited to Canadian capabilities and interests in the region:
Canada-Japan Commercial Relations, 2005-2009 ($ Millions)
The Government of Canada has agreed to further bilateral dialogue with Japan on regulatory cooperation, trade policy, the business environment (including investment) and domestic agricultural reform policy. Canada is also pursuing a new round of bilateral air services negotiations. With representatives in Tokyo, Nagoya, Kitakyushu and Sapporo, the Canadian Trade Commissioner Service is on the ground where it counts most in Japan to help Canadian companies tap into the rich market, investment and innovation opportunities Japan offers.
Canada has a number of bilateral trade and investment policy instruments in place that are helping to facilitate and support Canadian commercial engagement in the country:
Unless otherwise stated, all data is for 2009 and expressed in Canadian dollars. All data based on latest available national statistics drawn from a variety of sources, including Statistics Canada, Export Development Canada, Bank of Canada, IMF WEO, UNCTAD.
For further information about Japan, visit the Foreign Affairs and International Trade Canada website or contact the Trade Commissioner Service at 1-888-306-9991.
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