Foreign Minister Invites Japanese to Invest in Estonia
26.02.2008
Estonian Foreign Minister Urmas Paet, in Japan on a visit, met with CEO of the Japan External Trade Organisation (JETRO) Yasuo Hayashi on Wednesday, 27 February.
At the meeting, the two discussed opportunities for economic co-operation, tourism, and Estonia’s ongoing accession negotiations with the Organisation for Economic Co-operation and Development (OECD).
Foreign Minister Paet provided an introduction to Estonia’s economic environment and invited Japanese entrepreneurs to invest in Estonia. “Estonia-Japan economic relations have a lot of potential,” said Paet. “In any case, Japanese entrepreneurs are welcome in the Estonian market,” the foreign minister emphasised.
According to Foreign Minister Paet, advancements should definitely be made in tourism co-operation between Estonia and Japan. “Japanese tourists frequently travel to Scandinavia,” said Paet. “At the same time, Estonia could become the destination for even more Japanese tourists,” he added.
Both parties acknowledged that it is necessary to increase the base of contractual agreements between the two nations and to sign an agreement for the avoidance of double taxation.
According to Yasou Hayashi, Japan is interested in information and biotechnology development in Estonia. The JETRO CEO expressed hope that Estonia will become an OECD member as quickly as possible.
On Wednesday night there will be a concert and reception to celebrate the 90th anniversary of the Republic of Estonia in Tokyo. The folk art ensemble Leigarid will perform. On Thursday, 28 February, Foreign Minister Paet has a meeting scheduled with his Japanese colleague Masahiko Komura.
PRESS SPOKESPERSON'S OFFICE
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