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UAE pledges to meet Japan's oil needs

posted on 16/04/2004: 673 views

The United Arab Emirates is committed to meet Japan's oil and gas needs and that Japanese firms operating in the UAE enjoy special status, said Sheikh Hamdan bin Zayed Al Nahyan, Deputy Prime Minister and Minister of State for Foreign Affairs, on Thursday. He said he hoped the Japanese companies would have a bigger share in UAE's projects, mainly in energy and oil projects.

Sheikh Hamdan, who met Japanese Minister of Economy, Trade and Industry Soichi Nakagawa in Tokyo yesterday, affirmed desire of H.H. Sheikh Khalifa bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces and Lt. General Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Deputy Crown Prince and Chief of Staff of the UAE Armed Forces, to bolster bilateral relations particularly in economic, trade, investment and industrial domains.

Hamdan and Nakagawa discussed means of boosting economic and trade relations as well as encouraging the private sector to actively take part in promoting bilateral ties. Sheikh Hamdan said the UAE is keen to diversify mutual interests and placed emphasis on the role being played by Japanese firms in UAE's development and oil projects.

Nagakawa, for his part, said his country and UAE's views over many issues, especially on economy and trade, were identical. He said cooperation should not be confined to the oil sector, but should also include human resource development, trade, investment and exchange of expertise.

Present at the meeting were Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, Sheikh Fahim bin Sultan Al Qasimi, Minister of Economy and Commerce and Ahmed Humaid Al Tayer, Minister of Communications.

Earlier, Sheikh Hamdan met with Japanese former Prime Minister Ryutaro Hashimoto who expressed the hope that the UAE official's visit would lead to the development of bilateral relations. He said these ties have been bolstered further and thanked the UAE for its pledge to secure his country's energy and oil needs. (The Emirates News Agency, WAM)


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