MOL, TradeWaltz and Suzuki Motor ink MoU for cooperation in automobile trade between India and Africa

 

Mitsui O.S.K. Lines (MOL), TradeWaltz Inc. and Suzuki Motor Corporation have signed a Memorandum of Understanding (MoU) for cooperation and collaboration in the automobile trade between India and Africa. It was announced at the 9th Tokyo International Conference on African Development (TICAD 9) being held in Yokohama.

TradeWaltz is a Japan-based company and a cross-industry trade information platform that uses blockchain technology to digitise and streamline international trade processes. 

The three companies will cooperate in:

* Identifying current challenges in trade operations regarding automobile transportation between India and Africa

* Exploring potential solutions including digitalisation 

* Promoting decarbonisation. 

Recognising the importance of the “Japan-India Cooperation Initiative for Sustainable Economic Development in Africa”, launched at the Japan-India-Africa Business Forum held in February 2025, the three companies identified synergies between their respective businesses in India and Africa and aim to contribute to the region’s economic development together by leveraging their individual strengths. 

Announcing this MoU on the occasion of TICAD 9 marks a concrete first step toward building a robust supply chain and enhancing the economic connectivity of the enormous growing markets in India and Africa, emphasised a release. 

Going forward, the three companies will continue to embody the spirit of TICAD through their initiatives, working together to establish a robust automobile supply chain between India and Africa, and achieving shared growth together with the two regions, the release added.

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