Retail in Asia

In Markets

Japan to promote convenience stores abroad under TPP deal

Japanese authorities will help convenience store operators and other retailers tap into overseas markets under a newly agreed Pacific free trade pact, participants of a government-business council meeting said Monday.

The Trans-Pacific Partnership accord will deregulate rules in the convenience store business in some TPP countries, including Malaysia and Vietnam, allowing Japanese firms to open more such stores and invest in local retailers, they said.

The industry ministry held the meeting Monday with convenience store operators and the Japan External Trade Organization to discuss ways to help major Japanese retailers tap into overseas markets.