Japan is the world’s third largest market: Very strong domestic economy with surprisingly little foreign investments. To develop in Japan, you need a local partner as Japan already has many strong local companies. In addition, a dense bureaucratic network of regulations, certifications, permissions, and procedures makes it almost impossible for European SMEs to enter the Japanese market.
Paradoxically, Japan is open to new technologies, especially in the Energy & Environment sectors as the laws and regulations become more strict and demanding in these sectors.
Prometek works actively to identify the new trends, technologies and products from Europe and Japan to find the potential areas of collaboration, and we help European companies find their Japanese partners. We study carefully the financial health of potential partners to avoid future problems.