Saud Salim Al Mazrouei, Director of Sharjah Airport International Free Zone, SAIF Zone and Hamriyah Free Zone Authority, HFZA, led a high-level delegation to Tokyo to further explore the Japan market in order to utilise its potential for both sides.
The team actively participated in the recently concluded Nepcon Japan, Asia’s largest exhibition for electronics.
“Trade between the UAE and Japan has been prospering and the value of two-way trade between Japan and the UAE during the first six months of 2014 was US$25.92 billion,” Al Mazrouei pointed out. “Sharjah Airport International Free Zone has a keen interest in many firms in Japan and the show gathered a variety of exhibitors from automotive electronics and renewable energy. We met investors from different sectors and visited some well-known companies.” Nepcon Japan is rated as the best way to attract businesses from Japan, Korea, China and Taiwan. The 43-year old event attracted attention as a venue where one will get to see the latest technologies in the world of electronics.
According to statistics, Japan’s exports to the UAE surged by nearly 13 percent to US$4.59 billion, and imports by 2.76 percent to US$21.34 billion during the first six months of 2014.
The UAE is Japan’s 5th largest export destination of passenger vehicles in the world, after the USA, China, Russia and Canada.
Notable increases in exports from Japan to the UAE were registered for general machinery, iron and steel products, optical and photographic products.
Source : WAM News Agency for United Arab Emirates
