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Abu Dhabi Japan Economic Forum entrenches ambitious strategic s long-term economic relations between the two countries

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Abu Dhabi Japan Economic Forum entrenches ambitious strategic s long-term economic relations between the two countries

Monday, February 11, 2013
H.E. Nasser Ahmed Alsowaidi, Chairman of Abu Dhabi Department of Economic Development and H.E. Toshimitsu Motegi Japan's Economy, Trade and Industry Minister, opened, the Abu Dhabi Japan Economic Forum today at the Abu Dhabi InterContinental Hotel, in presence of a high-level delegation and senior officials, businessmen and investors from both sides. The Forum witnessed the signing of 10 agreements and memoranda of understanding between a number of government and semi-government agencies in Abu Dhabi and Japan, in the fields of research and studies, education, health, energy, investment and others.The forum was attended by HE Dr. Mugheer Khamis Al Khaili, Director General of the Abu Dhabi Education Council (ADEC), HE Dr. Ali Rashid Al Nuaimi, Director General of UAE University, HE Mohammed Hassan Al Qamzi, and CEO of the Higher Corporation for Specialized Economic Zones and Mohammed Tayeb Kamali Director General of Higher Colleges of Technology. High-level delegations from sides, senior officials, businessmen and investors participated in the Forum. H.E. Nasser Ahmed Alsowaidi, in his opening speech at the forum said that the Government of Abu Dhabi and the UAE in general consider Japan a strategic partner, especially as it is the second largest importer of UAE’s crude oil which constituted 22 % of Japan's total imports of crude oil in 2012.Alsowaidi said that despite the fact that this partnership serves as an important anchor in the two countries relations, but the relationship goes beyond energy issues to further prospects, in the fields of politics, too, as the two countries share common values based on dialogue, tolerance, moderation, peace and security.H.E. stated that the ambitious policy of the government of Abu Dhabi, has made significant achievements in development and economic growth, especially in non-oil strategic sectors, as planned by Abu Dhabi Economic Vision 2030 economic, noting that Japanese companies have played and will continue to play a constructive and active role as partners in the development of the Emirate of Abu Dhabi.Alsowaidi added that Japanese investments in Abu Dhabi had quadrupled in two years from $ 200 million at the end of 2008 to $ 770 million in 2009, pointing out that Japan ranked fifth among investment in the emirate; and non-oil trade between Abu Dhabi and Japan rose by more than 50% in the past five years, and reached $ 3 billion in 2012.His Excellency said that Abu Dhabi Department of Economic Development made great efforts over the past years, in collaboration with several government agencies in Japan in order to consolidate and strengthen the strategic partnership in economic and investment the fields.Alsowaidi added that the Department of Economic Development organized numerous visits for official delegations in the two countries, in addition to joint events and activities and setting the institutional framework to support this partnership through the establishment of the Abu Dhabi Japan Economic Council (AJEC) in January of 2011 to crown the fruitful and mutual cooperation between the Department and the Japan Cooperation Center for the Middle East (JCCME).We are here today to reap the benefits of these sincere efforts aimed at expanding the prospects of economic relations between Abu Dhabi and Japan, and sign a number of important agreements and memoranda of understanding in various areas, including oil, human resource development, infrastructure and medical sectors in addition to initiatives to encourage investment, Alsowaidi saidIn his speech, Alsowaidi emphasized that the solid relations between Japan and UAE were taken further to benefit both friendly countries, as the UAE's future economic vision, matches the vision of Japan which supports heavy investment in innovative technology, as the best way to future success and progress.Alsowaidi concluded his speech by saying, our two countries enter into a long-term partnership, and I am convinced that companies in both countries will mutually take advantage of opportunities. We welcome our Japanese partners who played and will continue to play an active role in furthering the strategic partnership with the Emirate of Abu Dhabi, and meeting the aspirations of both sides.H.E Mr. Toshimitsu Motegi, Japan's Minister of Economy, Trade and Industry expressed his confidence that the anticipated future success in the Middle East lies in the establishment of a sound strategic partnership with the United Arab Emirate, and Abu Dhabi emirate in particular, due to its spectrum of investment opportunities, ambitious projects and strategic vision, that will bring about an unprecedented leap in economic development, and advancement.The Japanese minister said that Japan followed with great interest the achievements accomplished by UAE in growth and development at all levels, which led Japan to strengthen relation as a strategic choice for achieving the objectives of the two countries; and open more investments and trading relations between the two sides.Mr. Toshimitsu Motegi noted that Japan is ready to share its expertise and successful experiences, especially in fields of technology and knowledge with the Emirate of Abu Dhabi, stating that today's forum, and the large Japanese delegation, materialize the aspirations of the governments of the two countries to achieve their goals in the near future.The minister added that this event, which was one of the joint achievements of Abu Dhabi Japan Economic Council which provides a ideal platform for public and private institutions and the private sectors in both countries, to explore and and tap investment opportunities in Japan Abu Dhabi, explaining that the agreements and memorandums of understanding signed today reflect the genuine desire of both sides.On the sidelines of the forum, Abu Dhabi-Japan Economic (ADJEC) signed a cooperation document between Abu Dhabi and Japan, meant to promote and activate the role of the three joint working groups, formed under the umbrella of the Council to cooperate in areas of energy, industry, infrastructure, education and human resources development.The document was signed by H.E. Nasser Ahmed Alsowaidi, the Chairman of Abu Dhabi Department of Economic Development and H.E Mr. Tadatsuna Koda Chairman of ADJEC, in the presence of a number of senior officials from both sides.The two sides agreed to accelerate the pace of business between companies in Abu Dhabi and Japan, and to address their needs, through enhanced communications at the official level in both countries. Steering committees were also formed for each of the three working group to discuss and coordinate the activities of the groups.The document included increasing trade missions, seminars, conferences, and joint studies and events to be organized by the Abu Dhabi Government entities or Japan, with emphasis on the activities of the Department of Economic Development and the Japan Cooperation Center for the Middle East JCCME.The forum also witnessed the signing of a joint cooperation agreement between Abu Dhabi Department of Economic Development and the University of Tokyo Research Center for Advanced Science and Technology (RCAST), to enhance cooperation in the field of advanced science and technology, and promote scientific research and development, to expedite achieving the common interests of both sides. The agreement was signed by H.E. Mohammed Omar Abdullah, the Undersecretary of the Department of Economic Development, and Dr. Yoshiaki Nakano, the Director General of the Research Center for Advanced Science and Technology (RCAST), in presence of H.E. Nasser Ahmed Alsowaidi, Chairman of the Department of economic Development, and H.E. Toshimitsu Motegi the Japanese Minister of Economy, Trade and Industry.The agreement included the implementation of cooperation in scientific research and other activities of mutual interest, through the exchange of experiences between the administrative staff and faculty members and researchers on both sides; in addition to mutual cooperation in research and development activities, holding joint seminars and lectures, exchange of information and scholarly materials and facilitating visit of students and enrollment in both countries.The two sides agreed to form a joint committee to supervise and follow up the implementation of joint investment projects and promote business activities. The committee will be co-chaired by the Undersecretary of the Department of Economic Development and the Director of the Research Center for Advanced Science and Technology RCAST, and will meet once a year to discuss the implementation of common projects, activate agreed upon processes and procedures and review developments in ongoing projects.Memoranda of understanding in the field of energy  was signed between company ADNOC and the Japan Bank for International Cooperation, in addition to  another one  between ADNOC and  Japan Center for International Cooperation, in the field of oil, gas and minerals. The Higher Corporation for Specialized Economic Zones signed a memorandum of understanding with Japan Cooperation Center for the Middle East (JCCME), for cooperation in areas of investment.Regarding human resource development, several memoranda of understanding were signed between the UAE University and Tokyo university Research Center for Advanced Science and Technology (RCAST), as well as the MoU between Abu Dhabi Education Council and the Center for Japan International Cooperation (JICE), and the one signed between the Centre of Excellence for Applied Research Training (CERT)   and the Japan Institute of Energy.Two memoranda of understanding in the medical field were signed; one between the (CERT) and Japan Medical Center; and the other between the UAE University and Japan Center of Excellence. UAE companies investing in Japan include Abu Dhabi Investment Authority (ADIA), and International Petroleum Investment Company (IPIC), Abu Dhabi National Oil Company (ANOC), Drydocks World, Abu Dhabi Investment Company (ADIC), Advanced Technology Investment Company. The number of Japanese companies operating in UAE reached 306 companies investing in many trading and industrial areas
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