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Four major convenience store chains -- Seven Eleven Japan, Lawson, FamilyMart and Ministop -- will work with the Japan External Trade Organization (JETRO) to expand their business overseas.
The four companies and JETRO have formed a council to accelerate overseas operations of convenience stores and support sales after the Trans-Pacific Partnership (TPP) goes into effect, Sankei Shimbun reported.
The TPP will ease restrictions on foreign distributors entering into markets of partner countries such as Vietnam and Malaysia. The convenience stores hope to make a new system that will enable them to sell processed food products and commodities made in Japan in overseas markets.
JETRO will be in charge of working with foreign governments in order to resolve possible problems and collect relevant retail information in each market. JETRO will also help the convenience store chains find partner companies that want to sell their products in Asian countries.
© Japan Today
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Sensato
I could see this becoming a huge revenue generator for Japan's convenience store chains, especially in Asian markets.
Kuroneko Yamato and other takkyubin companies in Japan are also building on their overseas delivery networks, which will help make logistics for this sort of business more affordable and feasible.
Moonraker
These convenience store chains are hardly small companies. They have presences already in many Asian countries. Ostensibly the TPP is about free trade. JETRO gets half of its considerable budget from the Japanese taxpayer. This scheme, since it is a government-backed export promotion scheme in thin disguise, does seem to be at odds with the stated purpose of TPP.
warispeace
So our public funds are needed to support such wealthy corporate entities and their investors? Japan already has the world's second largest number of super-rich. Looks like our public servants are eager to help grow this number.
mtuffizi
hopefully to usa too
Citizen2012
exactly, why are not those fund restricted to support only companies which really need them ? I am calling this a diversion of public fund.
JeffLee
Yeah, socializing the risks, privatizing the profits. Gotta love "free trade."
I'm not impressed with Japanese comibini in SE Asia. The products are often Japanese or local, bland and low-quality, with lots of Ajinomoto and mayonaise.
The foreign combini have global brands, like Cadbury chocolate and Gillette shaving gel. Much better.
Daniel Neagari
@mtuffizi
Unfortunately to the USA would be difficult.. considering that at least there is a 7eleven franchise in there (it was a franchise born in the USA). I see that the Japanese convenience stores will have a very hard time to enter the US market, specially because of pressures from the existing convenience stores "kwik-e-marts", the delicatessen and even supermarkets.
sfjp330
Moonraker JAN. 20, 2016 - 08:41AM JST JETRO gets half of its considerable budget from the Japanese taxpayer. This scheme, since it is a government-backed export promotion scheme in thin disguise,
Hiroyuki Ishige Chairman and CEO of the Japan External Trade Organization (JETRO)
His response: "In the case of JETRO, the number of female staff members in senior positions is still limited."
"The reason they still have this old mind-set is because we haven’t adequately provided new information on our improved business environment."
Source: http://www.theworldfolio.com
Chia Wei
Other than 7-11 the rest would fail . The fact that 7-11 operate it business in 8/12 signees in TPP and it so internationalize does not even warrant it to work with JETRO. JETRO should use it money to help the other 3
Kurobune
The conbinis are coming, the conbinis are coming !