MUNICH Bavaria’s Minister of Economic Affairs, Ilse Aigner, is travelling to Japan this Tuesday for two days of political and economic policy talks. The Minister will be promoting Bavaria to international Japanese companies in Tokyo. Aigner will be visiting the Fujitsu and Sony head offices, among others, as a result.
In light of the increasing protectionist tendencies, Aigner wants her trip to be regarded as a “signal for free trade”. “Free trade and international business relations are the prerequisite for growth and wealth in this world,” says Aigner. She is therefore hoping that a free trade agreement between the EU and Japan modelled on CETA will work out. She will also be talking to Japanese members of parliament about this.
“At the same time I will make it clear that international companies find the best conditions in Bavaria – from the research landscape to professionals and the infrastructure. Investing in the state of Bavaria pays off,” says the Minister. She will visit companies from various sectors in Japan who are considering investments in Europe.
Relationships with Japan are very good particularly given the fact that we have shared principles like rule of law, democracy and human rights, explains the Minister. Japan is the third largest economic power in the world. The Bavarian and Japanese trading volume was roughly EUR 6.9 billion in 2016. Aigner: “Which makes Japan Bavaria’s third most important non-European trading partner behind the USA and China.”