{"id":8140,"date":"2013-05-30T05:27:13","date_gmt":"2013-05-30T05:27:13","guid":{"rendered":"https:\/\/new.igihe.com\/japan-focuses-on-business-ties-in-africa-summit\/"},"modified":"2013-05-30T05:27:10","modified_gmt":"2013-05-30T05:27:10","slug":"japan-focuses-on-business-ties-in-africa-summit","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/japan-focuses-on-business-ties-in-africa-summit\/","title":{"rendered":"Japan Focuses on Business ties in Africa summit"},"content":{"rendered":"<p>{{Japan will this weekend welcome dozens of leaders from Africa as it looks to boost economic ties and wrestle resources and market share away from an increasingly assertive China.}}<\/p>\n<p>The five-yearly Tokyo International Conference on African Development (TICAD), co-organised by Japan, the UN, the World Bank and the African Union, will bring together leaders from more than 40 African countries.<\/p>\n<p>Japanese and African officials said the fifth TICAD forum, which was first held in 1993, will emphasise the need to boost trade and investment, in a bid to transform the relationship from an aid-led one to a business partnership.<\/p>\n<p>Japan &#8220;recognises the need to strengthen ties with African countries&#8221; against the backdrop of growing interest from rivals such as China and South Korea, said Japanese trade ministry official Yasunori Nakayama.<\/p>\n<p>&#8220;The growth of the middle-class in Africa&#8230; shows the importance of the continent as a business partner&#8221; providing new markets for Japan&#8217;s companies struggling with a contracting customer base at home, Nakayama said,<\/p>\n<p>Despite relatively long-standing connections, Japan&#8217;s importance to Africa has slipped behind that of China, whose more aggressive approach has given it five times the trading volume and eight times the direct investment.<\/p>\n<p>TICAD as a forum is not unique; the European Union, China, India, South Korea, and Turkey have similar ventures to court African leaders in the scramble for resources and market share.<\/p>\n<p>But Japan feels the China effect keenly.<\/p>\n<p>Japan&#8217;s ambassador to TICAD, Makoto Ito, told news agency AFP there was a vast difference in approach between how Tokyo went about investing in Africa and how Beijing did it.<\/p>\n<p>&#8220;China is not tied&#8221; to the OECD Development Assistance Committee rules aimed at reducing poverty and improving human rights, he said.<\/p>\n<p>&#8220;Japan&#8217;s development assistance has always had and will always have an emphasis on African ownership&#8221; of that development, he said.<\/p>\n<p>The three-day conference, which begins on Saturday will see Japanese Prime Minister Shinzo Abe announcing development aid programmes, Ito said.<\/p>\n<p>This will include a reaffirmation of an earlier pledge to double rice production in sub-Saharan Africa from 2007 levels to 28 million tonnes by 2018, and supply hand-me-down coastguard ships to countries surrounding Somalia as part of an international effort to tackle piracy, he said.<\/p>\n<p>{NMG}<\/p>\n","protected":false},"excerpt":{"rendered":"<p>{{Japan will this weekend welcome dozens of leaders from Africa as it looks to boost economic ties and wrestle resources and market share away from an increasingly assertive China.}} The five-yearly Tokyo International Conference on African Development (TICAD), co-organised by Japan, the UN, the World Bank and the African Union, will bring together leaders from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[100],"byline":[170],"hashtag":[],"class_list":["post-8140","post","type-post","status-publish","format-standard","hentry","category-news","tag-africa","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/8140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=8140"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/8140\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=8140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=8140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=8140"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=8140"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=8140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}