The UAE and Japan are discussing strengthening the economic partnership

The Minister of Economy and Chairman of Investopia, Abdullah bin Touq Al Marri, met with the Japanese Minister of State for Economy, Trade and Industry, Koga Yuichiro, and a number of representatives of the private sector and leading companies in Japan, with the aim of discussing ways to enhance the economic partnership between the two countries in the sectors of investment, trade, logistics, renewable energy and transformation. Digital, opening new horizons to expand the activities of the Emirati and Japanese business communities and benefiting from the capabilities and opportunities provided by the markets of the two countries.

This came on the sidelines of Bin Touq’s visit to Japan and participation in the “Investobia-Tokyo” event, which aims to explore opportunities to enhance cooperation between the two countries in key economic sectors.

During his meeting with the Japanese Minister of State for Economy, Trade and Industry, the Minister of Economy said that the UAE and Japan enjoy strong relations at all levels. He also stressed the UAE’s keenness to strengthen the economic partnership with Japan, especially in the fields of advanced technology, clean energy and the circular economy, pointing to the increasing momentum it has witnessed. Economic relations between the two countries over the past years, and the importance of building on the successes achieved in the investment sectors and commercial activities to achieve sustainable growth that serves the interests of both parties.

Bin Touq added that the UAE is an ideal partner for Japanese companies wishing to expand in the region, with its competitive economic environment, advanced infrastructure, and pioneering legislative system, which has consolidated the country’s position as a global center for establishing and doing business, and one of the most attractive investment markets in the world.

A competitive environment for entrepreneurship activities and small and medium enterprises

Minister of State for Entrepreneurship, Alia Al Mazrouei, confirmed that “the UAE, thanks to the directives of its wise leadership and its forward-looking vision, has succeeded in providing a competitive environment for entrepreneurship activities and small and medium enterprises, as the country has become an ideal destination for starting and establishing innovative projects in the sectors of the new economy, advanced technology, and advanced industries.”

This came during a roundtable entitled “Prospects for Cooperation between the UAE and Japan in Entrepreneurship and Innovation,” held on the sidelines of the “Investobia-Tokyo” event, in the presence of the UAE Ambassador to Japan, Shehab Ahmed Al Fahim, and representatives of 26 Emirati and Japanese companies and business incubators.

Alia Al Mazrouei briefed the Japanese business community on the capabilities of the UAE business environment, which is rich in promising economic opportunities, the most prominent of which are flexible and competitive economic legislation and policies for establishing businesses, various economic activities, and initiatives that support the growth of emerging projects.