UAE and Japan Sign 23 Agreements to Strengthen Economic and Trade Ties

UAE and Japan Sign 23 Agreements to Strengthen Economic and Trade Ties

The United Arab Emirates (UAE) and Japan have signed 23 agreements and memoranda of understanding (MoUs) during the UAE-Japan Business Forum, which took place today. These agreements aim to enhance economic, trade, and investment cooperation between the two countries across various sectors, including energy, industry, advanced technology, artificial intelligence, space, health, transport, environmental conservation, and circular economy.

The signings occurred in the presence of H.H. Sheikh Hamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, and Japanese Prime Minister Fumio Kishida.

The UAE-Japan Business Forum was held as part of the official visit of the Japanese Prime Minister to the UAE. The event was attended by Abdullah bin Touq Al Marri, Minister of Economy; Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology; Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure; Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Sarah Al Amiri, Minister of State for Public Education and Advanced Technology; Jassim Mohammed Buataba Al Zaabi, Chairman of the Department of Finance and member of the Abu Dhabi Executive Council; and Shihab Ahmed Al Faheem, Ambassador of the UAE to Japan.

During his keynote speech, Bin Touq emphasized the long-standing historical ties and strategic partnership between the UAE and Japan. He highlighted that this official visit presents a significant opportunity to further expand the comprehensive strategic partnership between the two countries, building on the successful cooperation model established over the past five decades.

Bin Touq urged Japanese businesses to take advantage of the UAE market, which is known for its high standards of quality, credibility, and excellence. He also emphasized that the UAE serves as a gateway to the Middle East and North Africa (MENA) markets, providing access to a consumer base of over 400 million people.

Both the UAE and Japan affirmed the importance of collaboration in establishing more partnerships in the new economy sectors, which are key drivers of sustainable development in both countries. These agreements are expected to deepen bilateral relations and promote mutual growth and prosperity.

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