UAE-Japan Business Forum kicks off in Tokyo

The UAE-Japan Business Forum recently concluded in Tokyo in the presence of H.E. Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy and H.E. Kosaburo Nishime, Japanese State Minister of Economy, Trade and Industry. The event, which was held to review the further conditioning of bilateral relationships between both countries, was likewise gone to by senior ranking UAE and Japanese officials that included Hiroyuki Ishige, Chairman and President, Japan External Trade Company (JETRO); H.E. Khalid Omran Al Ameri, UAE Ambassador to Japan External Trade Organization (JETRO); H.E. Khalid Omran Al Ameri, UAE Ambassador to Japan and H.E. Abdullah Bin Ahmed Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade Affairs, in addition to over 420 agents and senior authorities from financial, government, business and investments entities, in addition to delegates from the public and private sectors.

H.E. Eng. Sultan bin Saeed Al Mansoori applauded the continuous development and growth of economic relations between the UAE and Japan. He pointed out that the volume of non-oil trade exchange in between the two countries touched around AED 53.5 billion (USD 14.6 billion) and that Japan's financial investments contributed to the advancement of the UAE, especially in sectors such as advanced innovations, renewable resource, transport, aviation and health care.

H.E. Al Mansoori said there are greater than 100 Japanese firms in the UAE, 200 Japanese firms along with more than 10,000 registered hallmarks. He added that Japanese investments in the country touched a total of regarding AED 14.3 billion (USD 3.9 billion) and shared that bilateral ties between the two nations have been exceptionally successful - made even more powerful by joint programs and initiatives that have actually been implemented for the mutual advantage of the two countries.

H.E Al Mansoori stressed on the potential for partnership combination between the two countries across many fields of typical interest, like innovation, SMEs, progressed markets, power, entrepreneurship and females empowerment. He explained that dialogue and joint initiatives like the forum, were focused on ensuring the simplicity of circulation of common investments, which might aid open up global markets and the entire MENA region to investments and products from both countries.

H.E Kosaburo Nishime expressed Japan's upbeat perspective about the strengthening of bilateral ties between the two countries. He specified that Japan looks to the UAE as a calculated partner and included that both countries ought to look in the direction of branching out areas of partnership. He said that Japan is eager to support the toughness of the UAE economic climate, specifically via innovation and knowledge economic situation campaigns and the promotion of the SME field.

H.E Hiroyuki Ishige explained that the forum stands for a vital device for consolidating the partnership in between both countries. He also talked about the development and advancement of the Japanese economic climate.

H.E Khaled Omran Al Ameri, UAE Ambassador to Japan, said that the conference targets at strengthening the partnership and economic relationships between the UAE and Japan. He kept in mind the two countries' wish to take a leap forward with each other, in light ofthe growing capacities of the UAE and the success of its growth approaches. He additionally commended the merging of the vision and advancement policies of both countries.

Memorandums of Understanding

Three MoUs were authorized at the seminar between JETRO and the Abu Dhabi Investment Office in Abu Dhabi, RAK Department of Economy and Fujairah Division of Economic situation all aimed at promoting investments and sustaining SMEs, shared knowledge and information exchange.