2005 JETRO Investment MOU
Memorandum of Understanding of Bilateral Investment Promotion Cooperation between the Department of International Trade of Canada and the Japan External Trade Organization
Recognizing the mutual desire of Canada and Japan to strengthen the cooperative relationship envisioned in the Canada-Japan innovative economic framework, the Department of International Trade of Canada (ITCan) and the Japan External Trade Organization (JETRO), referred to collectively as "the Participants", and individually as "Participant", hereby enter into a Memorandum of Understanding (hereinafter referred to as "MoU") to:
- 1) identify areas of cooperation;
2) work in close partnership toward broadening and deepening trade and investment ties; and,
3) stimulate business activities between private enterprises in the two countries.
- I. Investment promotion activities including
1) individual company assistance (when required);
2) investment seminars and investment promotion missions.
II. Information exchange and potential investor referrals
The Participants will:
- 1) consult on individual investment proposals to increase the potential for identification and introduction of bilateral investment partners;
2) consider processes for new investment identification and enhanced cross-referral information exchange;
3) exchange information on investment promotion activities with the view to identifying areas of potential collaboration; and
4) provide access links on the two investment promotion websites.
The two countries have their own unique "key" sectors, which for Japan are ICT, biotechnology, medical care, the environment and services; and for Canada: aerospace, agri-food, automotive, biotechnology, chemicals, ICT, medical devices, natural resources and energy, pharmaceuticals, plastics and services (including tourism). Both Participants will discuss measures for enhanced bilateral investment promotion, where possible, in these sectors. Treatment of "in confidence" material
Neither Participant will disclose or distribute any information that is supplied and marked, or stated to be "in-Confidence", by the originating Participant, except as, and to the extent authorized, by the originating Participant.
On-going cooperation enhancement The Participants will meet annually to review progress and discuss further cooperation enhancements to achieve increased direct foreign investment between Canada and Japan.
Signed in duplicate in Toronto, on the 27th day of May 2005, in the English and French languages, each version being equally valid.
