Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    African leaders commit to ending AIDS among children by 2030

    February 2, 2023

    Etihad Airways increases its frequency to Frankfurt

    February 2, 2023

    Lebanon devalues its currency by 90 percent, market rate is much lower

    February 1, 2023
    Facebook Twitter Instagram
    • Home
    • Contact Us
    Addis Ababa WeeklyAddis Ababa Weekly
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Addis Ababa WeeklyAddis Ababa Weekly
    Home » Japan-UAE ties robust with US$22.4 billion trade in 2020
    Business

    Japan-UAE ties robust with US$22.4 billion trade in 2020

    February 22, 2021
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    The United Arab Emirates is a long-time partner that has supported Japanese economy and society, and economic relations remain robust with US$22.4 billion bilateral trade in 2020, according to a top Japanese official. Source Emirates News Agency (WAM). “As one of the most significant crude oil suppliers to Japan, the UAE is a very important partner that has supported our economy and society for a long time,” Ejima Kiyoshi, Japanese State Minister of Economy, Trade and Industry (METI), said in an email interview from Tokyo.

    Of the US$22.4 billion bilateral trade in 2020, exports from Japan to the UAE were pegged at $5.7 billion and imports from the UAE to Japan were worth $16.7 billion, he revealed. Japan is Abu Dhabi National Oil Company’s (ADNOC) largest international importer of oil and gas products with approximately 25 percent of its crude oil imported from the UAE.

    However, Ejima clarified that the relationship between Japan and the UAE is not limited to the energy sector. “More than 340 Japanese companies have their largest bases in the Middle East in the UAE, and have promoted economic cooperation in a wide range of areas,” he noted.

    Apart from the energy sector, the UAE and Japan have cooperated in a wide range of fields, including medical care, education, industry and women’s empowerment, the minister said. As this year marks the 50th anniversary of the founding of the UAE, and next year will be the 50th anniversary of diplomatic relations between the UAE and Japan, “I sincerely hope that the friendly and cooperative relations between the UAE and Japan will be further developed in various fields,” Ejima said. “The Government of Japan will also do its utmost to strengthen economic ties between the two countries,” he added.

    Talking about the coronavirus pandemic, he said, “The crisis of COVID-19 with its enormous impact all over the world has drastically changed our lives and reminded us that energy is the foundation of all economic activities, including the use of digital technologies. “At the same time, we need to accelerate our efforts toward decarbonization as the issue of climate change is a common crisis facing all of humanity.”

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    Lebanon devalues its currency by 90 percent, market rate is much lower

    February 1, 2023

    Outstanding operational performance by Etihad Cargo in 2022

    February 1, 2023

    Indian FM presents $550 billion progressive and inclusive Union Budget

    February 1, 2023

    Vietnam-India bilateral trade reached record levels in 2022

    February 1, 2023

    Philips cuts 13 percent of jobs in a safety and profitability drive

    January 30, 2023

    German-Australian hydrogen supply chain investment of $90 million

    January 28, 2023
    Latest News

    African leaders commit to ending AIDS among children by 2030

    February 2, 2023

    Etihad Airways increases its frequency to Frankfurt

    February 2, 2023

    Lebanon devalues its currency by 90 percent, market rate is much lower

    February 1, 2023

    Outstanding operational performance by Etihad Cargo in 2022

    February 1, 2023

    Indian FM presents $550 billion progressive and inclusive Union Budget

    February 1, 2023

    Vietnam-India bilateral trade reached record levels in 2022

    February 1, 2023

    Djokovic tops ATP rankings, Sabalenka No. 2

    January 31, 2023

    Pakistan mosque suicide bombing death toll rises to 88

    January 31, 2023
    © 2021 Addis Ababa Weekly | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.