Welsh businesses are travelling to Japan this week (30 May), to pursue export opportunities in one of the largest economies in the world.
Leaving from Cardiff Airport, the multi-sector sector trade mission is heading to Tokyo with the aim of strengthening existing trade relations and to encourage more inward investment to Wales.
Advanced semiconductor wafers, language training courses to build proficiency for the 2020 Olympics and research into non-destructive testing (NDT) techniques are amongst some of the Wales-based services being promoted in Japan.
Economy Minister, Edwina Hart said: “Our international trade programme forms a key part of our drive to stimulate business growth and these missions are an important component of the overall package of support we offer companies.
“They are designed to help businesses access new markets, find new buyers for their products, investigate potential opportunities and promote their products and services on the international stage.
“Trading internationally not only opens up new opportunities but exports are vital for the economy. In 2014, businesses in Wales exported more than £243m of goods and services to Japan making it our 14th most valuable export destination. This is a rise of more than £30m on the previous year’s exports.”
A diverse range of sectors are participating in this latest mission including ICT, Life Sciences, Consultancy and Training. They will be supported in the marketplace by the Welsh Government’s Tokyo office.
Mrs Hart added: “As well as being a key export market, Japan is constantly at the forefront of inward investment into Wales. There are 50 Japanese owned businesses currently active in Wales, employing more than 6,000 people. These missions provide an ideal opportunity for us to build on these long established links between our two countries and discuss future investment opportunities, including how the Welsh Government can support potential growth projects.”
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