Proposals for Reactivating the Economic Relationship between Japan and Latin America and the Caribbean

May 18, 2005

Japanese ambassadors to Latin America and the Caribbean countries presented proposals for reactivating the economic relationship between Japan and the Latin American and Caribbean region on the occasion of the 2005 Ambassadorial Meeting held from May 16 to 18. Japanese ambassadors designated to this region discussed the actual economic situation of the region and the Japanese policy toward the region. The main points of the discussion were (i) the actual situation and future developments of economic and regional integration in Latin America and the Caribbean, and (ii) the policy for reinforcing the business relations between Japan and this region.

The ambassadors shared the view that it is urgent to take measures for the reactivation of the economic relationship between Japan and the Latin America and Caribbean region, recognizing that Japan and this region possess potential to become more important trade and investment partners and that Latin America is a vital source of supply of natural resources, energies and food for Japan.

With this in mind, the ambassadors made five proposals summarized as follows:

FIRST PROPOSAL: INTENSIFICATION OF DIALOGUE INCLUDING THE SUMMITS

  • To carry out dialogue between the leaders in order to discuss the measures for consolidating the relations between Japan and the Latin American and the Caribbean region, specially with the emphasis on the measures for reactivating the economic relationship.
  • To proceed with measures for reactivating the economic relationship through dialogues with Latin American and Caribbean countries as well as with the regional integration entities.

SECOND PROPOSAL: STRENGTHENING OF THE JOINT APPROACHES IN THE PUBLIC AND PRIVATE SECTORS.

  • To strengthen the strategic implementation of necessary measures for promoting business relations, as "All Japan" in cooperation with the government related organizations and the private economic organizations.
  • To promote and support the active participation of private sector in the exploitation of natural resources.
  • To study the possibility of sending a big trade and investment mission composed of both government and private sectors, as well as a smaller scale mission to small and medium sized countries.
  • To hold business seminars in Japan to discuss business opportunities in Latin America and the Caribbean.
  • To promote the import from Latin America and the Caribbean to Japan by hosting fairs (for example, FOODEX and the Central American Fair, etc) and by searching for non-traditional products.
  • To establish high-level forums between the Japanese government and the Japanese private sector.

THIRD PROPOSAL: ELABORATION OF FRAMEWORK THAT CONTRIBUTES TO ACTIVATING THE ECONOMIC RELATIONS (INCLUDING EPA)

  • To strengthen the economic relations with Mexico, which is a key point of trade with North and Central America, by implementing effectively Japan-Mexico EPA (Economic Partnership Agreement).
  • To study measures for strengthening economic partnership with Chile, which is one of the important key point in South America, through discussions at the Joint Study Group for the EPA/FTA between Chile and Japan.
  • To study measures, including EPA, for consolidating the economic relations with other Latin American and Caribbean countries, particularly with the MERCOSUR.

FOURTH PROPOSAL: ENHANCEMENT OF MEASURES TO EXPAND THE BUSINESS OPPORTUNITIES.

  • To support the initiatives for constructing infrastructure, such as, Plan Puebla Panama (PPP) and Project of integration of South American Regional Infrastructure (IIRSA), etc.
  • To carry out economic and technical cooperation in order to contribute to the improvement of business environment.
  • To support the use of Clean Development Mechanism (CDM).
  • To strengthen functions of Japanese Embassies and Consulates.

FIFTH PROPOSAL: STRENGTHENING THE COOPERATION WITH THE INTERNATIONAL COMMUNITY AND THE REGIONAL ORGANIZATIONS

  • To cooperate with the international organizations
  • To play an active role in Latin America-East Asia Cooperation Forum (FEALAC)
  • To study the application for membership of Economic Commission for Latin America and the Caribbean (ECLAC/CEPAL)

Back to Index