The leadership of the UAE is keen on strengthening ties with Japan in a number of areas including education, scientific research and industry.
UAE Minister of State, Dr Sultan Al Jaber, who is also the CEO of the Abu Dhabi National Oil Company (Adnoc), met with the Japanese foreign minister Taro Kono, Japanese state minister for foreign affairs Masahisa Sato and Hiroshige Seko, the minister of economy, trade and industry, and a number of MPs, to discuss ways of strengthening co-operation in a number of fields.
In April, the UAE said it would build up its ties with Japan through the Comprehensive Strategic Partnership Initiative. The announcement was made at the end of the Japanese Prime Minister Shinzo Abe's visit to the Emirates. The two countries already enjoy strong and broad co-operation but energy ties are particularly critical.
The UAE is the second largest exporter of crude oil to Japan after Saudi Arabia. In 2017, Japan imported Dh57.3 billion worth of oil from the UAE, according to the Japan External Trade Organisation (Jetro). Nearly one third of Adnoc’s crude oil goes to Japan, accounting for 25 per cent of its total crude oil imports. Other exports include LNG, LPG, Naphtha and Sulphur. In addition, Adnoc has 6.29 million barrels of crude oil stored in the Kiire Oil Terminal Strategic Reserve, in southern Japan.
“The UAE is seeking to take its ties with Japan to new levels given the status of the East Asian nation as an exceptional development model with huge expertise in advanced technology which would serve the sustainable and comprehensive development goals in the UAE,'' said Dr Al Jaber.
He said that co-operation needs to also be strengthened in the fields of education, scientific research, energy, investment and industries.
Dr Al Jaber also met with Yasutoshi Nishimura, Deputy Chief Cabinet Secretary and Special Advisor to the Prime Minister, in addition to a number of CEOs of Japanese oil and gas companies and major financial institutions.
He also visited the Japan Broadcasting Corporation, where he viewed the latest technology in use.