Japan’s
poor natural endowment has made the country dependent on the international
market for natural resources. This is observed in the trading imbalance between
Japan and Africa as a whole. In 2017, Japan exported $7.5bn in goods to Africa,
one third of it to South Africa. In the same year, Japan imported $8.3bn from
Africa, from which 57% were South African goods.
The number of Japanese
companies operating in Africa has increased from 520 in 2010 to 796 in 2017,
but the Japanese government hopes to greatly increase that figure in the near
future.
Africa has natural
resources which Japan needs and Japan has other resources such as technology
which Africa needs. Therefore, Japan-Africa Economic Forum organized by Globe
Chamber of Commerce and Industry will mutually benefit participants (business
men and women, startups, government officials, etc) from Africa and Japan.
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