The view from Japan.
by FitzGerald, Tara
Mexico should look to foodstuffs and tourism, as well as niche
markets, to boost its commerce with Japan once a free trade agreement
between the two countries comes into effect in April, Japanese trade
experts told an AMCHAM seminar.
"I think the food sector is one which has the greatest
possibility of doing business with Japan," Tadayuki Nagashima,
general director of the Japan External Trade Organization (JETRO) in
Mexico, told delegates at the March gathering entitled "The
Mexico-Japan Accord, Trade With China And The Opportunities For Your
Business."
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"For example, in the last few years we have seen a boom in
chile habanero. The No. 1 selling snack is a snack of chile
habanero," Nagashima said, adding that promotion of agricultural
and fish products from Mexico was also important. Japan is a major
importer of foodstuffs.
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Concurring with this view, John Malott, managing director for the
Asia-Pacific region at Manatt Jones Global Strategies and a Japan
expert, also said Mexican exporters should take into account the
importance of getting their name known in the incredibly brand-conscious
Japanese market.
"I think there will be much greater value added to Mexican
food exports to Japan if you can think about branding your products with
a Mexican brand" rather than exporting as a bulk commodity, the
former diplomat said.
However he also struck a note of warning about the food market in
Japan.
"One thing to remember is that the Japanese are incredibly
difficult when it comes to food safety. It only takes one incident to
destroy your exports for some time to come," he said.
Kazuharu Kaneda, vice president of Toshiba de Mexico, echoed this
point, saying there were four key factors for doing business in Japan:
quality, cost, delivery and the consumer's peace of mind.
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Malott also pointed to Japanese tourists as a potential money
spinner for Mexico.
"I think Mexico has tremendous potential to promote tourism.
The Japanese are still among the greatest travelers in the world,"
he said. "The young women in Japan are the trendsetters .... and
it's a very good market."
And he stressed the need for personal attention when seeking
Japanese investment.
"In many ways, Japan and Mexico are alike in that personal
relationships are important in doing business. It takes time to get to
know people before you do business with them," Malott said.
"It requires a sustained, high-level effort to get the
Japanese to invest. You really will need some cultural guidance and
expertise on how to deal with them," he advised.
COPYRIGHT 2005 American Chamber of Commerce of
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NOTE: All illustrations and photos have been removed from this article.