The Agreement among the Government of the People’s Republic of China, the Government of Japan and the Government of the Republic of Korea for The Promotion, Facilitation and Protection of Investment came into effect on May 17, 2014 after 13 rounds of negotiations over a period of five years.
As the first legal document that promotes and protects investment among China, Japan and ROK, the agreement covers almost all important aspects of investment, giving the three countries strong assurance for trilateral investment.
With notable advantages in many manufacturing sectors, Japan and ROK are two important sources of foreign capital for Jiangsu province. Most Japanese and ROK enterprises that invest in Suzhou are big in scales including 54 world’s top 500 enterprises.
As of May 20, Suzhou has 33 projects in Japan with an investment of $47.41 million and 17 projects in ROK with an investment of $94.19 million.
