Many Scandinavian enterprises have forgotten about the enormous consumer power we can find in Japan. Recently the Japanese Prime Minister Shinzo Abe was here in Scandinavia talking mostly about security issues with North Korea but what many of us inside business want is now to talk about trade. Many have not notices that EU and Japan have agreed on a wide-ranging free trade deal between Japan and the EU. According to media this is the largest bilateral trade deal until now for the EU and it will cover a market of 638 million people, about 28 percent of the global economy.
There is still too much focus on USA and China, perhaps India as well but for Scandinavian smaller to medium size businesses they should turn east and to market such as Japan, Taiwan, South Korea, Malaysia, Indonesia and more. Stable or growing markets but very stable for political and economical matters. If you invest, you have also flexibility to move your incomes and profits back home. It is not all about trade between Japan and EU, this deal will also cover climate action, diplomacy and peace and security which is much needed in today’s world. In regards of business culture, Scandinavian and Japanese are very similar as they review business long term, value quality over low price and follow strict moral and ethical codes while doing business. We also value sustainability and fair trade in both business cultures.
If you want to know about specific business opportunities in Asia or Scandinavia, don’t hesitate to contact us. We are a business consulting firm working with both the commercial and legal side of international business. Besides trade and international business development we are also specialist in intellectual property issues. Our Company assist companies to pursue market expansion by coordinate resources, capabilities and technology through partnerships, Joint Ventures and M&A. We can help companies with market research but our focus is real help as your representative or agent looking for partners, customers and/or investors in new markets. We have been working with Cleantech, Heathcare and Medtech. We can help you with actual business development as we establish your brand and grow your business in a new market.
Please don’t hesitate to contact us regarding business to and from Scandinavia, you can reach us here.