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December 5, 1997
TOKYO, Dec. 5, 1997 Minoru Ohnishi, Fujifilm's Chairman and CEO,today praised the reported decision on film in Japan's favor by the World Trade Organization (WTO), saying the world proved its mettle by ruling on the facts.
This is the outcome that Fujifilm and most experts predicted. Imported film is widely available and competitively priced in Japan, a fact which the WTO has now confirmed, if the decision is as we understand it, Ohnishi said. At Fujifilm, we're going to roll up our sleeves and get on with business, serving our customers around the world with commitment, competitiveness and quality. Ohnishi stated that his comments were based on what Fujifilm had heard or read about the WTO decision.
Mr. Ohnishi also added, Fujifilm is committed to competing fairly in the marketplace, and we will continue to do so in Japan and around the world.
The U.S. filed a complaint in June of 1996, alleging that Kodak was unable to compete freely in the Japan film market due to government interference. Japan contended that Kodak's relative lack of success there is due to its failure to invest, manufacture and bring innovative products quickly to market.
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