Scotland Appoints First Trade Envoy to Japan – Scottish Business News

Scotland’s appointment of Stephen Baker as its first trade envoy to Japan is part of a broader strategy to strengthen economic ties with Asia.

This move comes as Richard Lochhead, the Scottish Government’s External Affairs Secretary, prepares for a tour of key Asian markets, including Japan, South Korea, and Singapore.

This trip aims to promote Scotland’s interests and explore new opportunities for trade and investment.

The Scottish Government is targeting specific sectors for growth in its trade relationship with Japan:

• Renewable energy and green technology
• Food and drink, particularly Scottish whisky and seafood
• Life sciences and biotechnology
• Financial services and fintech

While Japan is a key focus, Scotland’s trade initiatives extend to other Asian markets as well. The government is working to establish similar trade envoy positions for South Korea and Singapore, highlighting the importance of these markets to Scotland’s economic future.

The Scottish Government anticipates that these efforts will lead to:

• Increased exports of Scottish goods and services to Asian markets
• Greater inward investment from Asian companies into Scotland
• Enhanced cultural and educational exchanges between Scotland and Asian nations

The appointment of Baker and the upcoming ministerial visit have been well-received by the Scottish business community.

Many see these initiatives as crucial steps in expanding Scotland’s global trade footprint and creating new opportunities for Scottish companies.

Baker said: “Japan and the UK share a strong and vibrant partnership, with Scotland taking a leading role in the energy transition.

“Given Japan’s substantial economy, there are significant opportunities for trade and investment.

“Now is the perfect time to include Japan in your business strategy and I look forward to maximising the benefits of this global partnership for Scotland.”

As Scotland continues to develop its international trade strategy, the focus on Asia, particularly Japan, demonstrates a forward-thinking approach to economic growth and global partnerships.

The success of these initiatives could serve as a model for future trade relationships with other key markets worldwide.