Japan-UAE non-oil trade is worth $14.57 billion
Japanese Prime Minister Shinzo Abe is expected to arrive in the UAE on Sunday on the first leg of a Middle East tour that will see him also go to Jordan, Israel and Palestine.
“Through this visit, Japan aims to bolster layered ties (with the region) in such fields as security and advanced technology, in addition to energy,” he was quoted as saying by Japanese media last week.
The Japanese PM last visited the UAE in 2013.
During his visit, Abe is expected to meet with His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, as well as participate in an economic forum dealing with diversification and innovation in the UAE.
According to official statistics, Japan is now one of the UAE’s top trading partners, with bilateral non-oil merchandise surging to AED 53.5 billion ($14.57 billion), as well as well as AED14.3 billion ($3.89 billion) in Japanese investments in the UAE.
Additionally, the UAE is among Japan’s top five oil exporters, coming first on the list of countries exporting LNG and second largest crude oil exporter, in addition to being Japan’s eight largest trade partner.
Over the last several years, the UAE’s exports to Japan have diversified to include aluminium and copper.