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Effective URL: https://foreigninvestment.bakermckenzie.com/2021/08/26/japan-to-extend-protection-to-rare-earth-metals-amendment-disclosed-for-public-comments/
Submission: On September 23 via api from US — Scanned from DE
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Latest Posts * Austria: New rules strengthening cooperation between competition authority and foreign investment authority * EU publishes results of its public consultation on its proposed anti-coercion instrument * Japan to extend protection to rare earth metals – amendment disclosed for public comments * National Security and Investment Act: Response to a consultation on the statement for the purposes of section 3 * CFIUS Releases Annual Report to Congress for CY2020 * National Security and Investment Act to enter into full force on 4 January 2022 * Annual Compliance Conference | 6 September – 8 October 2021 * National Security and Investment Act to enter into full force on 4 January 2022 Search for: * Facebook * Twitter Foreign Investment and National Security Blog * About the Blog * FIRE Tool * Contacts * Search for: Japan JAPAN TO EXTEND PROTECTION TO RARE EARTH METALS – AMENDMENT DISCLOSED FOR PUBLIC COMMENTS August 26, 2021 Share Share on Facebook Share on Twitter Email On August 18, 2021, the relevant ministries announced their plan to add new sectors relating to rare earth metals to the “designated sectors” and the “core sectors” within the Japanese foreign investment regulations, which are subject to prior notification and screening. The new sectors include metal mining businesses, metal mining equipment manufacture/repair/software businesses and port construction business in designated islands which are relevant to rare earth metals. This latest addition to the “designated sectors” and “core sectors” will have implications for foreigners and foreign entities who are investing in or have plans to invest in Japanese entities conducting businesses in the relevant rare earth metal businesses. The amendment is part of the Japanese government’s attempt to secure a stable supply of rare earth metals and to overcome the vulnerability in the supply chain currently dependent on imports from overseas. The last time an addition to the sectors was observed was in June 2020, when medical sectors were subjected to screening and prior notification in the wake of Covid-19. The public consultation period regarding the addition of new sectors on rare earth metals will last until September 16, 2021 and the amendment is expected to be enforced around November 2021. Categories: * Japan 0 Author Junya Ae Author Ryo Yamaguchi Author Lisa Nagao * Facebook * Twitter * YouTube * LinkedIn © Copyright 2021 – Foreign Investment and National Security Blog * About the Blog * FIRE Tool * Contacts This site may be considered attorney advertising in some jurisdictions. Top