Blitz Bureau
NEW DELHI: The United Arab Emirates and Japan have agreed on the final provisions of a Comprehensive Economic Partnership Agreement (CEPA), the first of its kind for Japan with an Arab country, aimed at further deepening trade and investment relations between the two friendly nations to new horizons of mutually beneficial economic growth.
The announcement was made during the official visit to Japan by Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Envoy of the Minister of Foreign Affairs to Japan, accompanied by Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, during a meeting with Toshimitsu Motegi, Japan’s Minister of Foreign Affairs.
The agreement reflects the shared commitment of the UAE and Japan to further strengthen their longstanding strategic relations across all areas, particularly trade and investment ties. It represents an important milestone in the trajectory of bilateral relations and is expected to enhance trade and investment flows while expanding private sector cooperation in priority sectors including advanced technology, logistics, cybersecurity, healthcare, and education.
The CEPA will also open new opportunities for partnership in research and development, innovation, smart mobility, and energy security, as well as financial services and digital transformation. These areas align with the UAE’s vision to build a knowledge and innovation-based economy and support the priorities of both countries under the Comprehensive Strategic Partnership framework signed in 2022.
