An economic council was set up by the UAE and Japan yesterday to forge financial links between the two countries.
The Abu Dhabi - Japan Economic Council was launched during a meeting in the capital between Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the Japanese minister of economy, trade and industry, Akihiro Ohata.
Sheikh Mohammed described the move as "a step forward to further boost economic relations and trade exchange between the two countries", according to WAM, the state news agency.
Mr Ohata said the council was a "key element in strengthening economic co-operation and facilitating technology transfer and exchange of expertise".
The meeting focused on the growing bilateral ties between the nations in fields such as energy.
"We look forward to furthering our co-operation in the different spheres such as education, industry, technology, renewable energy, economy and investments," Sheikh Mohammed said.
Mr Ohata said he was pleased over his visit to the UAE and was "exploring opportunities for joint investments in different domains".
The meeting was attended by Nasser Ahmed al Suwaidi, the chairman of the Abu Dhabi Department of Economic development, Mohammed Mubarak al Mazrouei, the under secretary of the Abu Dhabi Crown Prince's Court, and Tatsuo Watanabe, the Japanese ambassador.