French minister woos Japanese investors

30th November 2005, Comments 0 comments

TOKYO, Nov 30 (AFP) - French Industry Minister François Loos Wednesday wrapped up a three-day visit to Japan aimed at drumming up investment in Europe's third-largest economy and allaying concerns about recent riots.

TOKYO, Nov 30 (AFP) - French Industry Minister François Loos Wednesday wrapped up a three-day visit to Japan aimed at drumming up investment in Europe's third-largest economy and allaying concerns about recent riots.

Loos arrived in Tokyo late Sunday for meetings with the leaders of major Japanese companies that already have a presence in France, including Toyota -- the number one investor -- as well as Sony and Fujitsu.

"Big Japanese companies have the resources to finance projects overseas and the willingness to install production facilities around the world to have a presence in the global market," Loos told AFP during his visit.

He said there was potential for cooperation between France and Japan in several areas in the future, including nano- and biotechnology, despite rivalry between the two countries in such markets as high-speed trains.

On Tuesday, Loos participated in a conference aimed at fostering new business alliances between France and Japan.

During his trip the minister also sought to ease concerns among the Japanese public and investors about recent rioting in France's impoverished suburbs.

The violence, which raged nightly from October 27 to November 16, resulted in close to 10,000 vehicles being torched in France's worst civil unrest in nearly four decades.

"The crisis in the suburbs is over. It was a localised problem that did not affect the whole of France. It won't have any effect on companies' investment plans," Loos said when questioned by a Japanese journalist on the unrest.

Copyright AFP

Subject: French news

0 Comments To This Article