Japanese businesses seek more bilateral trade opportunities

Three Japanese business-promotion agencies signed a cooperation memorandum in Beijing on Monday with the China Council for the Promotion of International Trade, to create a better trade and investment environment between the two nations.

The Japan-China Economic Association, Japan Business Federation and Japan Chamber of Commerce and Industry have brought more than 220 representatives to China, in what is considered one of the biggest Japanese business delegations ever to visit the country.

The agreement includes building an information-sharing and communications mechanism, encouraging companies from both sides to exchange views on political and business conditions, and organizing regular delegations to seek joint-investment opportunities in fast-growing industries.