Saudi Gazette report
TOKYO — The Common Authority of Overseas Commerce, represented by Deputy Governor for Worldwide Organizations and Agreements and Head of the Saudi Negotiating Group Fareed Al-Asaly, is heading Saudi Arabia’s delegation within the second spherical of negotiations for the Free Commerce Settlement between the Gulf Cooperation Council (GCC) and Japan, being held in Tokyo from June 30 to July 4.
The negotiating staff is tasked with overseeing and monitoring the progress of the commerce negotiations to make sure alignment with the Kingdom’s commerce insurance policies and targets. It additionally participates straight in incorporating Saudi negotiating positions.
In 2024, the commerce quantity between Saudi Arabia and Japan reached round $36 billion. Saudi exports have been led by mineral merchandise and natural chemical merchandise, whereas imports from Japan have been dominated by autos and their elements, together with equipment and mechanical home equipment and their elements. Saudi exports amounted to round $28 billion, whereas imports totaled round $8 billion.
The Common Authority of Overseas Commerce seeks to reinforce the Kingdom’s worldwide commerce good points, international presence, and energetic participation in numerous worldwide organizations to make sure the achievement of shared targets and sustainable growth.