Riyadh, Tokyo to Sign Agreements and MoUs in Several Sectors

The headquarters of the Saudi Ministry of Investment (Ministry's website)
The headquarters of the Saudi Ministry of Investment (Ministry's website)
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Riyadh, Tokyo to Sign Agreements and MoUs in Several Sectors

The headquarters of the Saudi Ministry of Investment (Ministry's website)
The headquarters of the Saudi Ministry of Investment (Ministry's website)

Riyadh and Tokyo will sign agreements and memorandums of understanding in several sectors of mutual interest on the sidelines of Japanese Prime Minister Fumio Kishida’s visit to Saudi Arabia on Sunday, the Saudi Ministry of Investment announced in a statement.

The Ministry also said it will host the Saudi-Japanese round table meeting in Jeddah to strengthen the economic and investment ties between Saudi Arabia and Japan.

The round table aims to explore potential investment opportunities across sectors such as petrochemicals, healthcare, mining, financial services, and logistics.

During the meeting, there will be discussions on significant projects in both countries, as well as the signing of agreements and memorandums of understanding in several sectors of mutual interest, the Ministry said.

It added that the private sector institutions from both sides will have dedicated sessions to review areas of cooperation, investment partnerships, and exchange of expertise.



US Trade Representative Greer Says US and China to Roll Back Most Tariffs

US Secretary of the Treasury Scott Bessent and US Trade Representative Jamieson Greer attend a news conference after trade talks with China, in Geneva, Switzerland, May 12, 2025. REUTERS/Emma Farge
US Secretary of the Treasury Scott Bessent and US Trade Representative Jamieson Greer attend a news conference after trade talks with China, in Geneva, Switzerland, May 12, 2025. REUTERS/Emma Farge
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US Trade Representative Greer Says US and China to Roll Back Most Tariffs

US Secretary of the Treasury Scott Bessent and US Trade Representative Jamieson Greer attend a news conference after trade talks with China, in Geneva, Switzerland, May 12, 2025. REUTERS/Emma Farge
US Secretary of the Treasury Scott Bessent and US Trade Representative Jamieson Greer attend a news conference after trade talks with China, in Geneva, Switzerland, May 12, 2025. REUTERS/Emma Farge

US and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs for 90 days and keep talking to resolve their trade disputes.

US Trade Representative Jamieson Greer said the US agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on US goods by the same amount to 10%.

Greer and Treasury Secretary Scott Bessent announced the tariff reductions at a news conference in Geneva.

They said the two sides had set up consultations to continue discussing their trade issues.