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- U.S. DEPARTMENT OF COMMERCE
- JAPAN EXPORT PROMOTION INITIATIVE
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- A true test of success for any internationally oriented
- business is entry into the Japanese market, one of the most
- profitable, yet difficult, markets. Ongoing efforts of
- U.S. trade negotiators, incremental structural adjustments
- within the Japanese economy, and more recently, a
- significant commitment of resources by the Japanese
- Government to promote imports have combined to create an
- increasingly favorable commercial environment for U.S.
- business. To take full advantage of export opportunities
- resulting from this process, the U.S. Department of
- Commerce has developed an export promotion program designed
- specifically to assist U.S. firms in entering the Japanese
- market.
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- The U.S. Department of Commerce Japan Export Promotion
- Program has four main elements:
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- (1) The Department identifies Japanese domestic
- infrastructure and Official Development Assistance
- (ODA) projects and alerts the U.S. business community
- of potential commercial opportunities. The program
- emphasis is on projects which involve technologies
- where U.S. firms enjoy a competitive advantage.
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- (2) Successful penetration of the Japanese market requires
- long-term planning and dedication of significant
- resources to adapt to the special features of the
- Japanese market. Recognizing this, the Japan Corporate
- Program (JCP) has been designed to assist U.S. firms
- enter and/or compete effectively in the Japanese
- market. On November 29, 1990, the Commerce Department
- announced the 20 companies selected to participate in
- the JCP. As part of a five-year commitment to the
- program, the companies will arrange four visits a year
- to Japan, including two by their chief executives;
- publish their product literature in Japanese;
- participate in at least one trade promotion event in
- Japan each year; and modify products as needed to
- enhance sales in Japan. The Commerce Department will
- work closely with these firms over the next five years,
- providing them with market data, arranging introductory
- meetings with prospective Japanese buyers, and
- recommending market development strategies. This kind
- of assistance is available to U.S. firms outside of the
- JCP through services of the U.S. Department of
- Commerce's Japan Export Information Center (JEIC) and
- U.S. and Foreign Commercial Service. The Commerce
- Department will incorporate the knowledge gained from
- the JCP into counseling services for U.S. business.
- Ultimately, the JCP is intended to foster a perception
- in Japan that U.S. firms can compete and to correct
- the U.S. business community's perception about the
- limited prospects for entering the Japanese market.
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- (3) The Commerce Department has improved its programs to
- help U.S. firms find representatives, secure market
- research, and participate in trade promotion events
- focused on the Japanese market. In addition, the JEIC
- was created to extend business counseling and to
- provide current and accurate information on exporting
- to Japan.
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- (4) The U.S.-Japan Joint Trade Expansion Program, which
- involves data and information exchange, market
- research, trade events, and trade facilitation
- services, was renewed for another year in April 1991.
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