Saudi-Japan business council discusses cooperation

Members of the Saudi-Japan Business Council participate in a forum in Riyadh in this picture taken last January. (SPA file)
Updated 27 November 2018

Saudi-Japan business council discusses cooperation

  • The value of trade between Saudi Arabia and Japan reached about $32 billion last year

JEDDAH: The 17th Saudi-Japanese Business Council Forum started on Monday in Tokyo, bringing together businessmen from both countries to discuss cooperation in health, technology and education, as well as investment between the private and public sector.

The first session of the event — which is organized by the Japan Cooperation Center for the Middle East, the Council of Saudi Chambers, and the Saudi Embassy in Japan — was led by the co-chairs of the joint council, Tariq Al-Qahtani and Hiroshi Saito.

Saito said that the governments of the two nations have been working together to achieve the objectives of Saudi Arabia’s Vision 2030, and are cooperating in a number of fields including information technology and small businesses.

Al-Qahtani said that the Council of Saudi Chambers and the business sector in the Kingdom is working to achieve the mission of the joint council in terms of promoting trade, investment and economic cooperation between the two countries.

He added out that Saudi-Japanese relations have undergone important developments recently in a number of economic fields, the most important of which was the establishment of the business council. It has already significantly contributed to the development of bilateral economic relations by helping to enhance investment and trade between the two countries and guide them towards building a strategic relationship that focuses on the economy by diversifying and increasing trade, deepening communication and mutual cooperation channels, and intensifying joint investments in transfer technology and Japanese discoveries.

Al-Qahtani said that the value of trade between Saudi Arabia and Japan reached about $32 billion last year. He added that the role of the business council is to increase the Japanese activity in the Kingdom in the fields of education and technology training, and extend cooperation between the countries in the fields of small and medium enterprises.

He urged the Japanese to seize the investment opportunities available in Saudi Arabia, in particular projects in the agriculture, health, oil and gas, mining, power-generation and industrial sectors.

Mohammed bin Fuad Justaniah, the charge d’affaires of the Saudi Embassy in Japan, said that the embassy is making every effort to serve the common interests of the two countries and achieve the objectives of the forum, in a bid to strengthen economic relations.

China's ambassador: Saudi Arabia a 'strategic partner and powerful ally'

Updated 21 February 2019

China's ambassador: Saudi Arabia a 'strategic partner and powerful ally'

  • The two friendly countries enjoy a complete strategic partnership, Li said.
  • The China-Saudi Arabia High-Level Joint Committee will meet during the crown prince's visit

RIYADH: Saudi Crown Prince Mohammed bin Salman’s visit to China heralds a new era in the relationship between the two countries, according to Li Huaxin, the Chinese ambassador to the Kingdom.

“This is an important visit with a series of political exchanges at the highest level,” Li said.

“They are embracing this opportunity to hold a joint, bilateral, high-level committee meeting to guide and coordinate cooperation in all fields,” he said, referring to the China-Saudi Arabia High-Level Joint Committee established in January 2016. 

The committee met for the first time in August that year in Beijing and again, 12 months later, in Jeddah. 

Li’s comments came as the Saudi crown prince began a visit to China, the Kingdom’s biggest trading partner. The visit is the last leg of an Asia tour seeking to build economic ties, and strengthen social and cultural links.

“The two friendly countries enjoy a complete strategic partnership,” said Li. “Both parties are excited to move forward.”

China has responded enthusiastically to the visit, a recognition of the powerful position the Kingdom holds in the region and globally.

 “Saudi Arabia is a very important country that has a big impact, whether in the region or world,” said Li. “We consider the Kingdom to be a powerful ally in building (China’s Belt and Road initiative) and linking it with the Saudi Vision 2030, while preserving the stability and development of the region and the world.”

Since the crown prince’s launch of Vision 2030 in 2016, many in the Kingdom, including the ambassador, have witnessed the immense change it has brought to the country.

“I have seen, personally, the major developments taking place in Saudi Arabia,” said Li. “While there are changes in its cities and economy, the most important change is in the Saudi people. They are showing their enthusiasm and their abilities, which have grown on a large scale. They are playing a big role in building their country.

“I see a bright future for Saudi Arabia.”

Li highlighted the importance of the evolving strategic partnership between the two countries and their respective strengths, saying: “China is a large country in terms of its economy, and Saudi Arabia in its importance, whether in the Gulf, Arab and Muslim countries or the world. Therefore, direct meetings between the two leaderships are of vital importance.

“Both leaderships are on the same page and their stances on many issues are similar. I have attended many meetings where the two parties confirmed the similarity and conformity of their positions.”

On issues of particular importance to the Arab world, Li noted that China’s stance on Palestine has not changed in decades.

“We have called for a solution for the two sides and the creation of an independent Palestinian state with full sovereignty, as well as Israel’s withdrawal from occupied lands, in keeping with UN Security Council resolutions, and the return of Palestinian refugees to their lands.”

Li said that both China and the Kingdom believe in the importance of sovereignty.

“Every country calls for sovereignty free from interference in its internal issues,” he said, adding that each nation has its own rules and social system, which must be respected.

“We both seek to find peaceful solutions to regional and world issues; in that respect we are similar,” he said.

The ambassador said that cooperation between China and Saudi Arabia is based on global principles and international law, and with the five principles of coexistence: Mutual respect for each other’s territorial integrity and sovereignty, non-aggression, non-interference in each other’s internal affairs, equality and cooperation for mutual benefit, and peaceful coexistence.

These principles were first set out in a treaty between China and India in 1954.

Responding to the suggestion that some nations might be skeptical or critical of China, the envoy said: “When we discuss these relations with our brothers, we do not care what others think as long as it is good, normal cooperation between two brotherly nations and is based on global principles and law.

“Our cooperation is not aimed at any country, whether in the region or world. Some countries might be annoyed by it, but the forest is vast and the birds are many, and they may chirp as they please.”