TOKYO, fifth August, 2023 (WAM) — ISHIGURO Norihiko, Chairman of the Board of Directors of the Japan External Trade Organisation (JETRO), says his nation is aiming to strengthen commerce and funding relations with the United Arab Emirates.
In an interview with the Emirates News Agency WAM in Tokyo, Ishiguro famous the importance of Prime Minister KISHIDA Fumio’s go to to the UAE final month, which included a delegation of about 40 CEOs of Japanese corporations.
Ishiguro mentioned Japan needs to contribute in areas that aren’t restricted to the sphere of vitality, such because the setting, well being care and house. Japanese universities and firms are very curious about such fields, he mentioned, particularly with the UAE looking for cooperation in new fields because it tries to diversify its economic system.
“Japan and the UAE recently signed an agreement exempting entry visas, which reflects the importance of the tourism sector for both countries, as the visa exemption will enhance the opportunities for Japanese business people and tourists to visit the UAE and vice versa,” Ishiguro mentioned.
Ishiguro defined that, for Japan, the UAE is especially necessary to draw monetary investments, together with authorities funding funds. “We would like to create a model through which Japanese technologies can be implemented in the UAE,” he mentioned.
Ishiguro mentioned that on his latest go to to Japan, Abdullah bin Touq Al Marri, Minister of Economy, said that the UAE is wanting ahead to strengthening cooperation in areas resembling infrastructure improvement, high-tech industries, synthetic intelligence, insurance coverage, medical care, tourism financing, asset administration and superior industries.
On the formation of the UAE-Japanese Business Council and its function in interacting with Japanese traders within the UAE and vice versa, Ishiguro defined that JETRO signed a memorandum of understanding with the The Federation of UAE Chambers of Commerce and Industry to ascertain a joint UAE-Japanese enterprise council that goals to strengthen communication between Japan and the UAE and to be a platform to enhance enterprise cooperation.
He identified that there are agreements between the 2 governments on vitality safety, industrial acceleration, and a framework for cooperation in funding in semiconductors and batteries.
Looking in the direction of COP28, the Conference of the Parties to the United Nations Framework Convention on Climate Change, Ishiguro confused Japan’s want to assist the UAE’s efforts in the direction of local weather neutrality and expressed the hope that there could be sturdy participation by Japanese corporations within the convention.
Regarding Japan’s present commerce scenario, he famous the challenges of rising gasoline costs and the depreciation of the yen however mentioned that if the yen’s depreciation stops and vitality costs stabilise throughout the subsequent 12 months or two, it’s seemingly that Japan’s commerce steadiness will flip right into a surplus within the close to future.