Greetings, Vital Stats, and Time for Trade

March 23, 2007 at 3:32 pm 1 comment

Let’s start off with some good news, like this tidbit I saw recently in The Japan Times:

On February 16, 2007 the United States and Japan signed a mutual recognition agreement (MRA) that allows U.S. certification of telecommunication products to be accepted in Japan. Lifting this trader barrier makes U.S. exportation of cell phones, wireless networks, video phones, radio systems and many other types of equipment easier, faster, and less expensive.

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As long as U.S. products conform to Japanese technical requirements, which The Department of Commerce is tasked to assure they do, Japan no longer has to perform their own tests.

The government-to-government agreement, signed by Mr. Akitaka Saiki (senior Japanese envoy at the embassy in Washington) and Karan Bhatia (Deputy U.S. Trade Rep), is awesome for U.S. businesses. Not only does it expand U.S. opportunities in the Japanese market, it speeds up the process of marketing, exporting and selling products there. Since only one approved set of certification is needed, rather than two, the process is less expensive, as well.

Another reason this rocks? Let’s say the product originates from a country other than the U.S., but is ultimately distributed or supplied to Japan by the U.S. Those products also go through the new U.S./Japan agreement to get to Japan, which gives U.S. businesses even more options; if their products are developed or assembled elsewhere, they can still reap the benefits of the new agreement and take advantage of everything it offers.

This is no chump change, either; telecommunications trade between the U.S. and Japan yielded about $2.6 billion in 2005.

Sarah S.

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Entry filed under: Japanese Business.

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