Digital Technology: Japan
The question
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of the UK-Japan Investment Memorandum of Cooperation on the UK’s digital transformation.
Answered by Chris Bryant
The UK-Japan Investment Memorandum of Cooperation (MoC) aims to strengthen bilateral investment relations and drive economic growth by creating opportunities for UK businesses to grow and scale in the Japanese market, particularly in sectors such as those driving green innovation and digital transformation.
Through the MoC, DBT will champion UK investors and exporters by showcasing success stories, by addressing market access and business environment challenges directly with Japan’s Cabinet Office, and by providing a direct channel for UK businesses to access DBT expertise on the ground in Japan. This cooperation supports the UK’s modern Industrial Strategy, which sets out plans to transform the UK’s clean energy and digital and technologies sectors over the next decade.
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