NORTH MACEDONIA’S BUSINESS CLIMATE PRESENTED AT WEST BALKANS BUSINESS SEMINAR

The West Balkans Business Seminar took place today in Düsseldorf, Germany, organized by JETRO (Japan’s Foreign Trade Organization). The business seminar explored the economic perspectives, business opportunities and conditions for foreign direct investment in the Western Balkan countries. The Director of North Macedonia Free Zones – DTIDZ, Mr. Aleksandar Mladenovski, was one of the speakers who presented the business opportunities for investing in North Macedonia.

This business seminar was of significant importance due to the presence of renowned Japanese companies, predominantly from the automotive industry (Mitsubishi, Yazaki, Yamaha) as well as from chemical, petroleum, IT and other industries, that had the opportunity to be introduced in great detail to the business climate in North Macedonia. Many companies expressed great interest in further cooperation, and exploring the possibility of investing in our country.

Compared to many larger countries, North Macedonia is still very successful in attracting foreign investments, especially investments in the manufacturing sector and those that are technologically advanced. Companies can use their position in North Macedonia to improve their competitiveness and meet the needs of the European market. Featured speakers at the seminar included representatives from Government institutions from Bosnia and Herzegovina, Montenegro, Serbia, Albania, Kosovo and other countries in the region.

JETRO is a government-related organization that works to promote mutual trade and investment between Japan and the rest of the world. Originally established in 1958 to promote Japanese exports abroad, JETRO’s core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small to medium size Japanese firms maximize their global export potential.

JETRO’s office in Dusseldorf draws attention to the long tradition associated with Japan’s interest in the German industry. Today, Düsseldorf, due to the concentration of Japanese companies in all industries, is called “small Tokyo on the Rhine”.