Abu Dhabi - Mubasher: Trade exchange between the UAE and Japan totalled $25 billion (AED 91.8 billion) last year, representing 32% of Japan’s trade with the Middle East, according to Emirates News Agency (WAM).
During an event held in Sharjah, Marwan bin Jassim Al Sarkal, the CEO of Shurooq said that "Japan is a key trading partner of the UAE and accounts for a significant share of bilateral trade over the years. The ties between Japan and the UAE in general and Sharjah, in particular, have seen tremendous vertical and horizontal growth over recent years.”
Meanwhile, Masami Ando, the managing director of JETRO Dubai said that in January 2017, the UAE’s and Japan’s ministers of economy signed an MoU to boost Japanese businesses to set up in the UAE.
Following this agreement, JETRO Dubai has opened a small and medium-sized enterprise (SME) Platform to provide specialised advisory support to Japanese SMEs, he noted.
There are over 300 Japanese companies operating in the UAE, with most of them concentrated in the emirates of Abu Dhabi and Dubai.
