The Sharjah Chamber of Commerce and Industry (SCCI) and the Japan External Trade Organization (JETRO) have signed a Memorandum of Understanding (MoU) to strengthen trade relations and develop mutual cooperation, as well as to promote and encourage investment opportunities available to each side.
The MoU was a key highlight of the Sharjah-Japan Business Forum, which took place in the presence of various high-level officials and dignitaries. Among those present were HE Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), HE Mitsuhito Sendai, Executive Vice President of JETRO, a number of members of the Chamber’s Board of Directors, HE Mohammad Ahmed Amin Al Awadi, Director-General of the Chamber, as well as representatives of the local and Japanese business communities.
Under the MoU, both parties will facilitate the exchange of trade delegations and discussions in areas related to export and the economy. The agreement also includes provisions for supporting follow-up visits, and coordinating efforts to establish and expand a trade network that enables the flow of business opportunities between the two regions.
Furthermore, the two sides will exchange trade data and statistics, while also exploring opportunities for joint research activities. Additionally, both parties will participate in various economic events, exhibitions, and conferences in their respective regions, further promoting their businesses and industries. Through these collaborative efforts, the two sides hope to foster greater economic growth and create new opportunities for their respective communities.
HE Abdullah Sultan Al Owais expressed his satisfaction with the signing of the MoU, stating that it would help to further strengthen the strong ties between the UAE and Japan.
HE Al Owais emphasized the robust economic and investment relations between the two countries and provide a solid platform for the Chamber and JETRO to encourage more partnerships and investments between the private sector companies on both sides. Through such efforts, the business communities in both countries can build their capabilities and contribute to the ongoing growth of the economy.
HE Mitsuhito Sendai stressed the strong economic ties between the UAE and Japan and highlighted the importance of the forum in exploring opportunities for cooperation, particularly in the industrial sectors.
Mr. Sendai also lauded the progress, prosperity, and diversity of economic sectors and investment opportunities in Sharjah, which open up more avenues for economic partnerships with Japan. Mr. Sendai further stated that the MoU signed with the Sharjah Chamber will expand joint trade cooperation and promote Japanese companies’ investments throughout the UAE.
