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Saudi, Japan officials discuss international trade goals

The two officials discussed common aspects and goals in international organizations, specifically in the World Trade Organization. (X/@gaft_sa)
The two officials discussed common aspects and goals in international organizations, specifically in the World Trade Organization. (X/@gaft_sa)
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05 Jun 2024 08:06:40 GMT9
05 Jun 2024 08:06:40 GMT9

Arab News Japan

DUBAI: Officials from Saudi Arabia and Japan held talks on boosting trade in Riyadh on Wednesday.

Farid bin Saeed Al-Asali, deputy governor of the Saudi General Authority of Foreign Trade, met with Kazutaka Kawahara, deputy head of mission at the Embassy of Japan in the Kingdom.

The two officials also had talks on goals internationally, particularly under the World Trade Organization.

The Kingdom and Japan signed recently at the Saudi-Japanese Business Forum more than 30 agreements and memorandums of understanding in energy, manufacturing and finance.

More than 100 Japanese companies operate in the Kingdom across multiple fields such as renewable energy, water, mining, entertainment and various others.

The bilateral trade between the two countries amounted to $47.5 billion in 2022, with a surplus of $34.1 billion in favor of the Kingdom. Saudi exports to Japan reached $40.8 billion, with $39.8 billion from oil exports. The Kingdom imported $6.7 billion worth of goods from Japan in 2022.

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