In November 2017, the Tokyo based Pacific Islands Centre (PIC) sent the “Marshall Islands Business Exchange Mission,” composed of eight delegates from seven private enterprises, to the Republic of Marshall Islands (RMI).

Representatives of private and public sectors from both countries presented proposals for expanding trade and investment between Japan and RMI.

On November 21, the mission, headed by PIC Director Roy Saito, attended the Japan and Marshall Islands Trade and Investment Seminar co-hosted by the governments of RMI and Japan, at the Marshall Islands Resort in Majuro, RMI’s capital city.

At the seminar, with about 50 people in attendance, representatives of private and public sectors from both countries presented proposals for expanding trade and investment between the two countries. Attendees included government officials from both countries, including Iwao Horii, the Parliamentary Vice Minister of the Ministry of Foreign Affairs Japan, Alfred Alfred, Jr., Natural Resources and Commerce Minister and John H. Silk, Foreign Affairs and Trade Minister of RMI. It is expected that future bilateral economic exchanges will become even more active, Mr Saito says.

In addition to the seminar in Majuro, on November 21 and 22, the mission members also visited major local companies, as planned by PIC in cooperation with the local Japanese company MJCC (Marshall Japan Construction Company).

As fisheries is an important industry in RMI, the mission visited a fish market as well as a fish processing plant.

As fisheries is an important industry in RMI, the mission visited a fish market as well as a fish processing plant and inspected (by boat) a “Moi” fish farm on a remote inland sea.

The mission also visited a “rear-cart” factory, to which the production technology was transferred from Japan last year, as well as a manufacturing shop of Amimono (handicrafts), one of the main goods made in RMI, and a canoe building factory. During the tour, the mission laid flowers at the East Pacific Monument to the War Dead.

The participants noted that it was a very useful tour because they could inspect facilities that are usually difficult to visit.

Through this tour, certain business is already progressing, and even more business developments are expected in the future, Mr Saito said.

For more information, please email PIC at info@pic.org.jp

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