The UAE and Japan have held high-level talks to enhance their trade and diplomatic relations, with both nations aiming to expand economic cooperation. In 2024, the total trade volume between them reached $49.6 billion, including oil-related products. Non-oil trade amounted to $17.5 billion, reflecting a modest growth of 1.2% compared to 2023.
Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, and UAE Special Envoy to Japan, led the UAE delegation during his official working visit from April 13 to 16.
UAE-Japan Trade Talks
During the visit, Dr. Al Jaber chaired the UAE delegation at the second ministerial meeting of the Comprehensive Strategic Partnership. He also held several bilateral meetings with Japanese government officials and private sector representatives, accompanied by Shihab Ahmed Al Fahim, UAE Ambassador to Japan.
Japan remains the UAE’s 9th largest global trading partner. The UAE is Japan’s top trading partner in the GCC, receiving 52% of Japan’s exports to the region.
Dr. Al Jaber met with Takeshi Iwaya, Japan’s Minister of Foreign Affairs, to discuss the growing relationship between the two countries. The meeting reviewed progress on joint projects and initiatives, focusing on expanding cooperation in sectors such as trade, investment, energy, and advanced technology.
Key Developments in Energy Cooperation
The two countries co-chaired the second ministerial meeting, where working groups presented results from discussions on trade, energy, industry, and investment. Notably, ADNOC signed a 15-year Sales and Purchase Agreement (SPA) with Mitsui & Co. for the supply of up to 0.6 million tonnes per annum of LNG from the Ruwais LNG project. This agreement highlights the strengthening of the UAE-Japan energy partnership and ADNOC’s commitment to supporting global energy security with cleaner fuel sources.
Additionally, the Japanese Minister of Economy, Trade and Industry officially welcomed the low-carbon ammonia produced by Fertiglobe and supplied by ADNOC. This ammonia, produced using carbon capture and storage technology in Abu Dhabi, will power Japan’s world-first fully ammonia-powered turbine, which will provide clean electricity to the country.
