Jetro helping convenience stores
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Four major convenience store chains in Japan are teaming up with a government-related body to work on expanding their businesses overseas.
FamilyMart, Lawson, Ministop and 7-Eleven Japan have formed a council with the Japan External Trade Organization (Jetro) to accelerate their establishment of branches overseas after the Trans-Pacific Partnership (TPP) goes into effect, reports the Sankei Shimbun.
With the TPP easing restrictions on foreign distributors entering into the markets of partner countries such as Vietnam and Malaysia, the convenience stores hope to devise a system that will enable them to sell Japanese processed food products and commodities in overseas markets.
Jetro’s task will be to work with foreign governments to resolve problems and collect relevant retail information. It will also help the convenience store chains find partner companies in Asian countries.
Questions & Answers
Q.Which specific Japanese convenience store chains are involved in this overseas expansion initiative?
Which specific Japanese convenience store chains are involved in this overseas expansion initiative?
FamilyMart, Lawson, Ministop, and 7-Eleven Japan have formed a council with Jetro. These four major chains are collaborating to expand their businesses internationally.
Q.What is the primary goal of the convenience stores in expanding their overseas operations?
What is the primary goal of the convenience stores in expanding their overseas operations?
They aim to devise a system for selling Japanese processed food products and other commodities in international markets. This expansion is planned for after the Trans-Pacific Partnership takes effect.
Q.How will Jetro specifically assist the convenience store chains in their international efforts?
How will Jetro specifically assist the convenience store chains in their international efforts?
Jetro will work with foreign governments to resolve issues and gather retail information. It will also help the convenience stores identify suitable partner companies in Asian countries.
Q.What role does the Trans-Pacific Partnership (TPP) play in this overseas expansion strategy?
What role does the Trans-Pacific Partnership (TPP) play in this overseas expansion strategy?
The TPP is expected to ease restrictions on foreign distributors entering partner country markets. This will accelerate the convenience stores' establishment of branches overseas, particularly in places like Vietnam and Malaysia.