New York, 13 October 2015: COMESA is set to sign a Memorandum of Understanding with the Japan Association of Corporate Executives referred to as Keizai Dyukai. This follows a meeting between the Chairman of the Keizai Dyukai Mr Mamoru Sekiyama and Secretary General Sindiso Ngwenya on the margins of the Africa Week at the UN Headquarters in New York.

They agreed to embark on formalizing the cooperation through the signing of an MOU between COMESA Business Council and to prepare an Action Plan thereafter.

Keizai Doyukai is a private nonprofit, nonpartisan business organization that was formed in 1946 by 83 prescient business leaders united under a common desire to contribute to the reconstruction of the Japanese economy after the World War II.

The association launched its Africa-Japan Relations Committee in April 2009 and since then it has been working in close collaboration with the variety of stakeholders and experts from African countries to obtain the right understanding of the continent. It potential areas of interest are to forge an Africa-Japan partnership focusing on economy and business, and more particularly in the framework of the Tokyo International Conference on African Development (TICAD).

Currently, the Africa-Japan Relations Committee is working on policy proposals for presentation to the Japanese government to focus more on building economic and business relations with African countries.

Moreover, key members of the committee serve as Japanese Foreign Minister’s panel that promotes the public-private collaboration to facilitate more business development from Japan to African countries. The committee is also addressing policy focus areas for the forthcoming TICAD VI in 2016.

Keizai Doyukai membership comprises approximately 1,400 top executives of 900 corporations, all sharing the common belief that corporate managers should be key players in a broad range of political, economic and social issues. Each member is free to expresses opinions and ideas unconstrained by the interest of any specific company.

This feature distinguishes the association from other economic organizations, giving it a broad, long-term perspective and ensuring objectivity and clarity in discussions of issues. The results of these activities influence not only government policy and industry, but also society as a whole.