Japan is an established power and a decision-making hub within Asia, offering the strongest potential for economic growth in the world. The Japanese economy has already started to recover from the consequences of the 2011 earthquake, and is now looking to new prospects for growth. This territory represents a solid value for Québec companies looking to develop their business.
Japan has set an ambitious goal of doubling the flow of investments, goods, and people between itself and the world through domestic reforms and by joining forces with other markets in the region. Japan’s strategic geographic position in Asia, the performance of its business environment, and its status as a “creator of global trends” are factors conducive to the development of new business relationships for our companies in many different fields.
Relations between Canada and Japan are already well established, and the negotiation of a free trade agreement has been underway since March 2012.
Facts and figures:
- A population of 127 million inhabitants
- $10.7 billion CAN in Canadian exports
- A nominal GDP of $5.87 billion USD in 2011
- Ranked 9th in the Global Competitiveness Report in 2012
- 2nd largest global currency reserves ($1,100 billion USD)
- The country where most patents are filed
- Ranked 17th out of 178 countries on the Transparency Index
- Ranked 20th on the Ease of Doing Business Index and the Index of Economic Freedom
who should participate?
Entrepreneurs seeking to enter the Japanese market, or already present on the market and seeking to learn more
Advisors, researchers, business services (attorneys, accountants, consultants)
Companies in the following sectors are specifically targeted:
- Infrastructure work
- Information technology and telecommunications
- Life sciences and medical equipment
- Green technologies
- Defence and security
- Natural resources