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Japan plans gathering with GCC finance chiefs for ties

Japan plans gathering with GCC finance chiefs for ties

Japan is making preparations for a gathering of overseas ministers from Japan and the Gulf Cooperation Council (GCC) member states in Saudi Arabia in early September, Kyodo news company stated Sunday, quoting unnamed diplomatic sources.

Japan goals to strengthen ties with oil-producing international locations to make sure a secure power provide from the Middle East, the place the affect of the United States is declining whereas China’s affect is rising, Kyodo stated.

Japan’s Foreign Minister Yoshimasa Hayashi will attend the assembly and may go to Egypt and Jordan, Kyodo stated.

No remark was instantly obtainable from Japan’s overseas ministry.

The GCC is a union of six international locations within the Gulf area: Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman and Bahrain.

Free commerce deal

Japanese Prime Minister Fumio Kishida visited the Middle East in July when Japan and the GCC introduced the resumption of talks on a free commerce settlement.

The overseas ministers are anticipated to debate a free commerce deal and technical cooperation in next-generation power sources, Kyodo stated, including that Iran’s nuclear program may be on the agenda.

Resource-poor Japan is attempting to beef up its power safety, because it stays extremely depending on imports of oil and liquefied pure fuel (LNG). It depends on the Middle East for over 90% of its crude oil.

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