TOKYO / WAM
The 9th session of the Abu Dhabi-Japan Economic Council (ADJEC), held in Tokyo, has reaffirmed its commitment to further enhance partnerships and benefits from investments opportunities in Abu Dhabi and Japan.
Ahmed Jasim Al Zaabi, Chairman of Abu Dhabi Department of Economic Development (Added), and Kodaira Nobuyori, President of Japan Cooperation Centre for the Middle East (JCCME), co-chaired ADJEC’s 9th session, which was attended by senior officials and executives from both sides.
Since it was launched in 2011, ADJEC has significantly contributed to strengthening bilateral relations between Japan and Abu Dhabi, creating business opportunities, and facilitating trade and investments.
In 2022, the bilateral trade between the UAE and Japan rose 57.5 percent to exceed AED200 billion compared to AED127 billion in 2021, making UAE the 7th largest trade partner of Japan, up from 10th in 2021.
UAE exports to Japan grew 69.7 percent to AED168.8 billion compared to AED99.5 billion in 2021, and its imports from Japan rose from AED27.5 billion in 2021 to AED31.1 billion in 2022, a growth rate of 13.3 percent.
Al Zaabi said, “Over the past years, the cooperation between Abu Dhabi and Japan has diversified further to include various sectors and enhance mutual trade and investments. Japan is among Abu Dhabi’s top five trading partners and flows of investments from both sides are on the rise.”