Mitsui O.S.K. Lines, Tradewaltz, and Suzuki announced on August 21st that they had signed a memorandum of understanding on cooperation regarding collaboration in the automobile trade between India and Africa at the 9th Tokyo International Conference on African Development (TICAD 9) currently being held in Yokohama.
Specifically, the three companies will assess the current state of trade practices in road transport between India and Africa, identify challenges, consider solutions including digitalization, and cooperate to promote decarbonization.
<MOU (Memorandum of Understanding) Signing Ceremony>
The three companies recognized the importance of the "Japan-India Cooperation Initiative for Sustainable Economic Development in Africa," which was proposed at the "Japan-India-Africa Public-Private Forum" held in February 2025. Recognizing the compatibility of their current businesses in India and Africa, and aiming to contribute to regional economic development by leveraging their respective strengths, they have concluded this Memorandum of Understanding (MOU).
The announcements by the three companies at TICAD 9 are noteworthy as concrete first steps that will contribute to strengthening supply chains and improving connectivity in the vast economic zone stretching from India to Africa.
The three companies stated that they will continue to embody the spirit of TICAD through concrete business activities, aiming for a future of growth together with India and Africa, in order to build a resilient supply chain between India and Africa.
