Business & Commerce

The UAE and Japan Sign Strategic Partnership Agreement

The key areas include agriculture, the environment, climate change solutions, science and technology, and defence and security

SME News Service

H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Chairman the Abu Dhabi Executive Office, who is heading the UAE delegation to Japan, met with Prime Minister Fumio Kishida, in Tokyo, and conveyed the UAE President’s greetings.

During the meeting, H.H. witnessed the launch of a strategic partnership agreement between the UAE and Japan, which was announced in 2018 during the visit of the late Japanese Prime Minister Shinzo Abe to the UAE.

The launch of the partnership coincides with the celebration of the 50th anniversary of establishing bilateral relations between the two nations.

It highlights the importance of strengthening cooperation between the countries across various fields to further advance progress and development, and to strengthen social and economic growth.

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The strategic partnership agreement aims to strengthen bilateral ties to serve common interests by encouraging more diplomatic, economic, political and commercial partnerships and by encouraging investment in both countries.

The key areas of the partnership include diplomacy, enhancing international development and humanitarian aid efforts, and cooperating across business, trade, energy and industry.

The deal aims at enhancing the business environment to encourage trade and investment across technology and infrastructure, as well as agriculture, the environment, climate change solutions, education, science and technology, and defence and security.

The meeting was attended by H.E. Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and UAE Special Envoy to Japan, H.E. Shehab Ahmed Al Fahim, UAE Ambassador to Japan, and a number of officials from the Ministry of Foreign Affairs and International Cooperation.

The visit reflects the depth of bilateral ties between the UAE and Japan across economic, commercial and diplomatic fields.

Japan was one of the first countries to establish diplomatic ties with the UAE in 1971, culminating in the opening of the UAE Embassy in Tokyo in December 1973 and the Embassy of Japan in Abu Dhabi in April 1974.

The UAE is also Japan's tenth largest trading partner globally, according to 2021 statistics, and Japan's largest strategic partner in the field of energy, importing more than 20% of its oil from the UAE.

The UAE is home to more than 340 Japanese companies operating in various sectors, including technology, renewable energy, transportation, healthcare, infrastructure and manufacturing.

The value of Japanese investments in the country has exceeded $14 billion.

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