Cooperation between European and Japanese companies in third markets is a growing and promising trend and the EU-Japan Centre is publishing a new report focusing on business opportunities in the digital economy.
The report written by Florence Arnu, as part of the MINERVA Market & Policy Intelligence Programme, provides recommendations to companies, and in particular EU SMEs, on how to be involved in business cooperation with Japanese partners in third markets, with suggestions on promising sub-sectors of the digital economy and opportunities in third markets.
EU-Japan business cooperation in third markets is supported by a substantial political momentum between the EU and Japan and surveys in some EU Member States, such as Germany, show that many EU companies are already involved in business activities with Japanese partners outside Japan. In addition, business opportunities remain largely untapped in emerging countries, which have made ASEAN, Africa and Latin America, among other regions, particularly attractive for EU-Japan business cooperation in third markets. Finally, the report highlights opportunities that result from the following trends: (i) the growing need for smart cities and smart rural solutions which often require innovative digital solutions; (ii) the growing importance given by governments and businesses to development issues and the Sustainable Development Goals (SDGs); and (iii) the growing need for digital transformation, in particular for the healthcare sector, which has been accelerated by the COVID-19 pandemic. |