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ECONOMY

Japan agency, 3 Chinese municipalities sign economic pacts

  • August 11, 2017
  • , Nikkei Asian Review , 6:34 a.m.
  • English Press

Shunsuke Tabeta, Nikkei staff writer

A Japanese export promotion agency has signed agreements with a trio of Chinese municipalities on economic cooperation, covering efforts to mutually boost trade and investment.

 

Hiroyuki Ishige, chairman of the government-backed Japan External Trade Organization, met with top officials from Sichuan Province and the cities of Tianjin and Dalian, signing memorandums of understanding.

 

Under such economic partnerships, Japanese businesses are usually asked to set up shop in China. But this time Japan will help the Chinese side establish Japanese sites for research and development as well as procurement in such areas as the environment and health care.

 

JETRO and Sichuan Province agreed to promote investment and nurture closer ties among businesses in the health care, automotive and restaurant industries, for example.

 

“Building a reciprocal relationship will lead to sustainable growth” in both countries, Ishige said.

 

JETRO also agreed with Tianjin and Dalian to deepen economic cooperation.

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