Japan-UAE Business Forum Aims To Broaden Partnership In Key Industry Sectors

WAM ABU DHABI, 02nd May, 2013 (WAM) — The second Japan-UAE Business Forum took place in Abu Dhabi today with opening addresses delivered by Suhail Almazrouei, UAE Minister of Energy, and Shinzo Abe, Prime Minister of Japan.

The Forum was part of the Prime Minister’s visit to the United Arab Emirates and also included speeches by Hamad Alhurr Al Suwaidi, member of Abu Dhabi’s Executive Council and Chairman of the Department of Finance, and Abdullah Al Masaood, Chairman of the National Consultative Council and Chairman of the UAE-Japan Friendship Association.

With more than 300 delegates in attendance, the Forum reflects the longstanding and strong bilateral relationship between the United Arab Emirates and Japan, and aims to build upon more than four decades of partnership and trade between two of the world’s most dynamically-growing regions.

Following the opening addresses, three industry-specific sessions took place: The first session of the Forum discussed UAE-Japan cooperation in the sectors of energy, industry and infrastructure development, followed by the second session, which focused on developing human capital. The final session discussed healthcare and food.

Japan is a significant trading partner of the UAE, and one of its most important international allies. Japan imports 20.5% of its oil from the UAE, making it Japan’s eighth largest trading partner. Overall trade increased by more than USD$2.5bn to almost $53bn in 2012 The Forum concluded with remarks from Hiroyuki Ishige, Chairman of JETRO and Mohamed Omar Abdullah, Undersecretary of Abu Dhabi Department of Economic Development.