For Immediate Release Contact: Curt Cultice
Monday, October 25, 1999
U.S.-Japan Construction Cooperation
Forum to Lead to More U.S. Contracts
Washington, D.C. --Fifty
American and Japanese construction, civil engineering, and architectural
design companies participated in the first meeting of the U.S.-Japan
Construction Cooperation Forum (CCF) on October 22 in Tokyo, Japan.
U.S. and Japanese Government officials also attended the CCF,
which is designed to increase U.S. participation in the Japanese
public works market by facilitating the formation of joint ventures
between U.S. and Japanese firms.
"We applaud Japan's efforts in holding a first-class
meeting with all the key players and appreciate the tremendous
support of the Japanese industry and government representatives,"
Under Secretary of Commerce David L. Aaron said from Washington.
This past year, U.S. firms won only $50 million
in contracts of Japan's $250 billion public works market. This
is substantially lower than the $300 million they were awarded
in the late 1980's.
"During the CCF, American companies had the opportunity
to discuss with Japanese firms and key Japanese Government ministries
their interests and the world-class services they can provide
in Japan's public works market," Aaron said. "We expect the CCF
to lead to real business opportunities and look forward to an
increase in the number of U.S.-Japan joint ventures and public
works contracts very soon."
The CCF was agreed to during the July 1999 annual
review of the U.S.-Japan construction agreements. The U.S. and
Japanese Governments will work with their respective industries
to determine the format and timing of the next CCF meeting.
"Our companies are very interested in current public
works projects as well as the public works projects in Japan's
upcoming fiscal package," Aaron said.
In January 2000, the two governments will meet at
the Under Secretary level to review progress made under the agreements
since last July.