UAE and Japan Ministers Discuss Strengthening Economic Partnerships

H.E. Abdulla bin Touq Al Marri, Minister of Economy of the UAE, held a bilateral meeting with H.E. Yoshitaka Shindo, Japan’s Minister of State for Economic and Fiscal Policy, to explore strengthening partnerships in various sectors. The discussions focused on the new economy, tourism, aviation, entrepreneurship, technology, and innovation.

H.E. Bin Touq emphasized the strong and strategic nature of UAE-Japan relations, highlighting their continuous development over the past five decades. He noted the UAE's commitment to building on this momentum to forge productive partnerships that support the growth and sustainability of both economies.

"The UAE and Japan share a vision for building the future economy, emphasizing investments in knowledge, innovation, technology, and new economy sectors. We are eager to enhance economic cooperation with Japan in these vital areas, create new opportunities, and foster private sector dialogue," said H.E. Bin Touq.

The meeting highlighted the importance of programs and facilities that accelerate startup growth in both markets, increase investments, facilitate exports to new markets, and encourage SMEs and entrepreneurs to invest in new economy sectors. These initiatives aim to boost the SME sector's contribution to the GDPs of both countries.

The ministers also discussed enhancing cooperation in tourism and launching joint initiatives to promote key tourism and historical attractions in the UAE and

Japan. With over 140 flights connecting the two countries each month, operated by UAE national carriers, there is significant potential to capitalize on the tourism diversity of both nations. Additionally, the meeting touched on cooperation in technology and knowledge transfer, leveraging Japan’s expertise in advanced technologies such as robotics, artificial intelligence, and manufacturing.

H.E. Bin Touq extended an invitation to the Japanese Minister to participate in the fourth edition of Investopia, scheduled for February 2025, to explore promising economic and investment opportunities in the UAE. The event aims to highlight the UAE as a global hub for business and investment, especially for some of the fastest-growing markets in the world.