After two decades of low growth, Japan is taking bold action to revitalize the economy. Monetary and fiscal stimulus, structural reforms and an ambitious trade agenda could significantly boost output and open opportunities for foreign companies. Still the world’s third largest market and a dominant player in global supply chains, Japan must be a key part of Canada’s push to expand business with Asia.
Currently, the economic relationship is well below potential. Despite strong complementarities across the resource, agricultural, manufacturing and services sectors, two-way trade has declined over the past decade.
But now there’s a chance to change that. The Canada-Japan Economic Partnership Agreement and Trans-Pacific Partnership—both currently under negotiation—would reduce key barriers to exports and investment between the two countries. In 2013, the governments launched the Canada-Japan Energy Dialogue, aiming to increase cooperation in natural gas, oil extraction and renewable technologies.
For these initiatives to succeed, businesses from both countries must speak up. They need to work together to shape priorities and highlight the benefits of closer economic ties.
What is the Japan-Canada Chambers Council?
Launched in 2014, the Japan-Canada Chambers Council is a platform to build relationships, share knowledge and advocate policies to support bilateral trade and investment. It does this through joint events, delegations, research, public statements and meetings with policymakers. Housed in the Canadian Chamber of Commerce and Japan Chamber of Commerce & Industry, the Council includes senior executives from leading member companies in both groups. Leadership is provided by two national chairs: Mr. Shoei Utsuda, Global Chairman of Mitsui & Co., Inc (Japan) and the Hon. Perrin Beatty, President & CEO, Canadian Chamber of Commerce (Canada).
- Get up-to-date information on trade talks and other bilateral trends affecting your business
- Meet with key government decision-makers from Canada and Japan
- Build relationships with businesses in Japan
- Shape the Council’s advocacy priorities
- Raise your company’s profile in the bilateral corridor
Who should participate?
In Canada, participation is open and free of charge to corporate, SME, chamber and association members of the Canadian Chamber of Commerce. This includes those exporting to or investing in Japan, as well as Japanese subsidiaries in Canada. Focus sectors include:
- Forestry and wood products
- Agriculture, seafood and food processing
- Energy and mineral products
- Environmental technologies
- Financial services
- IT and software
- Life sciences and pharmaceuticals
- “Building the Future through Partnership”, First Commemorative Symposium of the Japan-Canada Chambers Council, Tokyo, November 5, 2014
- Roundtable with Ian Burney, Assistant Deputy Minister, Trade Policy & Negotiations, DFATD & Chief Negotiator, Canada-Japan EPA, Vancouver, April 15, 2014
- Roundtable with Cam MacKay, Director General, Trade Negotiations, DFATD & Co-Chair, Canada-Japan EPA, Toronto, December 9, 2013
- 2013 Canada-Japan Trade Symposium, Toronto, April 25, 2013
Resources and media
- Small picture, big potential: Doing business with Japan, op-ed in iPolitics by Hon. Perrin Beatty, President & CEO, April 29, 2013
- Canada’s Rebalancing Act: Why Canada Should Turn up Trade with Japan, media series in partnership with the Canadian International Council and Asia Pacific Foundation of Canada, April 2013
- The Promise of an EPA with Japan, speech by Hon. Perrin Beatty, President & CEO, delivered at the Japan Society in Toronto, February 22, 2013
- Japan-Canada trade: time to stop dragging our heels, op-ed in iPolitics by Hon. Perrin Beatty, President & CEO, November 1, 2012
- Canada-Japan: Revitalizing the Economic Partnership, report by Canadian Chamber of Commerce, November 2011