• Short Summary

    The younger brother of King Khalid of Saudi Arabia, Prince Newwaf bin Abdul Aziz, met Japanese Prime Minister, Takeo Fukuda, in Tokyo on Thursday (September 22) during a business tour of the country.

  • Description

    The younger brother of King Khalid of Saudi Arabia, Prince Newwaf bin Abdul Aziz, met Japanese Prime Minister, Takeo Fukuda, in Tokyo on Thursday (September 22) during a business tour of the country. The Prince, who arrived on Tuesday (September 20), had already met Emperor Hirohito and addressed a delegation of Japanese businessmen-telling them that Saudi Arabia had to raise its crude oil prices to compensate for the higher cost of importing manufactured goods.

    SYNOPSIS: Prince Newwaf's visit was at the invitation of the Foreign Ministry in Tokyo, and during his meeting with Prime Minister Fukuda it's understood the two discussed general and specific issues between the two nations. Saudi Arabia is one of Japan's bigger trading partners, and both imports and exports between them increased six hundred per cent between 1972 and 1975.

    But Prince Newwaf had a warning for his Japanese hosts. The day before meeting Mr. Fukuda, he told a group of business leaders that the prices of Japanese exports to Saudi Arabia were too high. They were much greater than comparable goods from the United States and other nations, he said, and warned that Saudi-Japanese relations could be damaged if the situation continued. He also said Saudi Arabia was reducing its oil production some of which goes to Japan-to conserve stocks.

  • Tags

  • Data

    Film ID:
    VLVA36PM3L9S8WLDIL9BGXWATD24Q
    Media URN:
    VLVA36PM3L9S8WLDIL9BGXWATD24Q
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    23/09/1977
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:02:00
    Time in/Out:
    /
    Canister:
    N/A

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