Mandelson says Japan remains the most closed investment market in the developed world but for decades Japan has taken advantage of an open global investment climate
Apr 22nd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
In a speech, given to a business and government audience in Tokyo, Japan on Monday, EU Trade Commissioner Peter Mandelson called the issue of investment "unfinished globalisation" for EU and Japan. Mandelson said that barriers to investment had kept productive EU investment out of the Japanese economy, despite the fact that Europe had been welcoming such investment for decades. Mandelson also said that balancing the EU-Japan investment relationship should be a key goal of EU-Japanese economic ties.