
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.
التقى وكيل محافظ هيئة #التجارة_الخارجية للمنظمات والاتفاقيات الدولية أ. فريد العسلي، في مقر الهيئة بسعادة الوزير المفوض ونائب رئيس البعثة في سفارة اليابان بالمملكة السيد كازوتاكا كاواهارا؛ لمناقشة الجوانب المشتركة في المنظمات الدولية، وتحديدًا في منظمة التجارة العالمية. pic.twitter.com/gCCAo4bnbZ
— هيئة التجارة الخارجية (@gaft_sa) June 5, 2024
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.