Economic Development Futures Journal

Saturday, November 08, 2003

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US-Japan Economic Development Collaboration

Here is a perfect example of how EDO's here can work collaboratively with with counterparts abroad. This particular program relates to Japan. It makes great sense.

Regional areas in Japan are striving to internationalize their economies and thereby stimulate the development of both new and existing industries. At the same time, regional areas around the world are showing increasing initiative in developing business with regions in Japan. In view of such trends, the Japan External Trade Organization (JETRO) launched the Region-to-Region Initiatives program in 1996 to support two-way international regional development. Under the program, JETRO works with the regions to determine their mutual needs and objectives, and then to offer support for existing and new activities, mainly by conducting surveys, dispatching and receiving missions and holding seminars.

These efforts, coordinated through JETRO's extensive network of offices worldwide, can play a crucial role in bringing regions together for investment and technical tie-ups, collaborative research and development, overseas procurement by Japanese firms, and investment in Japan by foreign firms.

Go here to learn more.

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