JAFZA - Japan trade grows 36%by ASC Staff on Sep 26, 2016
Jebel Ali Freezone organised the Japanese Business Forum recently to promote trade relations and explore future opportunities in various sectors.
The forum was attended by Hisashi Michegama, consul general of Japan in Dubai, as well as Ibrahim Mohammed Al Janahi, deputy CEO and chief commercial officer at Jafza. Talal Al Hashimi, chief operating officer, senior officials from The Japan External Trade Organization (JETRO) and Japan Business Council, and Japanese companies operating in Jafza were also present.
Al Hashimi stressed on the importance of the forum in strengthening relations between Jafza and the Japanese business community during a speech to open the forum.
Al Hashmi said that by exchanging views and opinions including business development and growth plans of the companies all parties would benefit.
Al Hashimi also praised Japanese companies in Jafza for their significant role in the Free Zone’s journey over the past 30 years and thanked them for their confidence in the Free Zone’s logistical and administrative capabilities.
“Japan is one of our most important partners with some of the renowned names from various sectors setting up their regional base here,” he said. “In the last three decades, Japanese companies have played a pivotal role in stimulating trade between Jafza and the various regional countries due to the high export competitiveness enjoyed by Jafza regionally and globally.”
Trade figures worth US $2.7 billion, a growth of 36% over the past five years, and the addition of new Japanese companies annually, reflect the positive movement of the trade within Jafza, he told delegates.
“Jafza has become a distribution hub for Japanese goods and products and support the companies in reaching the regional countries and beyond. In May, we organized a successful roadshow to Japan comprising seminars in 3 prominent cities that was attended by more than 220 investors,” he added.
Speaking at the forum, the consul general of Japan in Dubai said the Japanese government expected trade between the two countries to continue to grow in the near future.
“The statistics issued by the International Monetary Fund reveal a strong and stable economy for the UAE that will continue to register an upward trend for the next few years,” he said. “This is a convincing sign of the opportunities in store for Japanese companies in various sectors here.”
The forum was attended by leading Japanese companies including; Sony, Nissan, Panasonic, Nippon Steel, Sumitomo, Komatsu, Toshiba, and Brother International.