Import

Article: Why Europe and Japan need an EPA

Article written by Philippe Huysveld, CEO & Senior Consultant, GBMC (Global Business & Management Consulting), France - December 2013

Economic Overview

Japan is the 3rd largest economy in the world. With GDP 1.5 the size of the UK and per capita GDP 6 times that of China, Japan remains the high-tech powerhouse economy of Asia. With the second highest spending worldwide on R&D, a hunger for IP and new trends, and an increasingly globalised outlook, Japanese companies remain amongst the most valuable and technologically advanced in the world. Japan’s major growth driver is exports despite external demand accounting for 16% of its total GDP.

About Import & Export

Japan is the world's third largest economy. It is also Asia’s high-tech powerhouse economy, with a GDP per person 6 times higher than that of China.

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Importing a Product or Service

Japan is the world’s third largest economy and is well renowned for the quality, precision and reliability of its goods and services. A cheaper yen also makes it particularly profitable to import goods and services from Japan at the moment.

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