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The UAE and Japan have signed several agreements and Memorandums of Understanding (MoUs) to help accelerate energy transition and industrial technology adoption.
Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and UAE Special Envoy to Japan, met with Japanese Minister of Economy, Trade and Industry Yasutoshi Nishimura during Abu Dhabi Sustainability Week (ADSW) 2023 to discuss the countries’ strong Bilateral relations WAM.
The ministers discussed ways to further strengthen the relations between the UAE and Japan under the framework of the Comprehensive Economic Partnership. They explore the hydrogen industry as a key component of a just energy transition. They also discussed the importance and opportunities for collaboration to accelerate progress towards carbon neutrality ahead of COP28 later this year.
Dr Al Jaber said: “The UAE and Japan have a long and strong relationship that has grown into a comprehensive economic partnership based on our leadership’s commitment to strengthen cooperation with strategic partners. Sustainable economic growth and diverse new opportunities for collaboration and investment to build this long-term partnership.”
Several agreements and memorandums of understanding were signed during the meeting, including one between the Ministry of Industry and Advanced Technology and the Ministry of Economy, Trade and Industry of Japan.
It involves cooperation in the fields of industry and advanced technology, and aims to strengthen partnerships between Emirati and Japanese companies and explore joint investment opportunities. It also aims to strengthen cooperation and accelerate the adoption of advanced technologies to support the industrial goals and carbon reduction targets of both countries. The MoU was signed by Dr Al Jaber and Yasutoshi Nishimura.
Dr. Al Jaber also witnessed the signing of a joint research agreement between Adnoc and Tsubame BHB. The agreement explores collaboration opportunities in research and development aimed at finding new solutions for the manufacture of ammonia. The agreement falls under the Japan-UAE Advanced Technology Partnership. The program supports Japanese tech start-ups and helps them connect with UAE investors to facilitate their expansion.
Dr. Al Jaber also witnessed the signing of a Memorandum of Understanding between Abu Dhabi Future Energy Company (Masdar) and Japan’s JERA Corporation. The MoU covers the fields of green hydrogen and renewable energy.
The signing of these agreements and memoranda of understanding falls within the framework of the Comprehensive Economic Partnership signed between the two countries in September 2022.
Non-oil trade between the two countries will exceed AED49 billion (US$13.3 billion) in 2021. In addition, in the first nine months of 2022, the non-oil trade volume between the two countries will increase by 4.3% year-on-year.
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