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Uzbekistan presents its economic, investment potential in Japan's biggest cities

Business Materials 25 February 2019 17:49 (UTC +04:00)

Baku, Azerbaijan, February 25

By Fakhri Vakilov-Trend:

In order to familiarize representatives of Japanese business circles with the current economic development of Uzbekistan, to open up wide opportunities for doing business in the country, business seminars were organized with a presentation of the trade-economic, investment and tourism potential of Uzbekistan in the cities of Tokyo, Osaka and Fukuoka, Trend reports via Uzbek media.

The presentation was organized by Uzbek Embassy in Japan and the United Nations Office for Industrial Development (UNIDO) to promote investment and technology.

There were representatives of leading Japanese companies and firms, such as “Mitsubishi”, “Marubeni”, “Mitsui”, “Sumitomo”, “Itochu”, “Toyota Tsusho”, “Daichu Corporation”, “Sojitz Machinery Corporation ”,“Nissin”,“ Solid Corporation ”,“ Nippon Pneumatic Co Ltd ”,“ Chori Co Ltd ”,“ Kurosimo Inc ”,“ KintokiFoods ”,“ Rohto Pharmaceutical ”,“ Maguchi International Co Ltd ”, Trade and Industry Foundation Osaka and others (in general, at three events there were more than 200 people),who were thoroughly acquainted with the current development of Uzbek economy.

President and Founder of “Cokey System” Hiroshi Yoshida spoke during the business seminar in Tokyo. He acquainted the participants with the activities of his company in Uzbekistan, as well as other Central Asian countries.

While expressing complete satisfaction with his activities in the country, he emphasized that as early as 2008 he had attempted to establish a business in Uzbekistan, but was not able to realize his plans until 2018 thanks to the reforms and transformations that are carried out on the initiative and under the leadership of Uzbek President Shavkat Mirziyoyev.

As part of activities in the Kansai region, separate talks were held with Tarou Kubota, Executive Director of Kyocera company, which resulted in an agreement to jointly explore the possibilities of implementing investment projects, in particular in the field of building photovoltaic stations in Uzbekistan under public-private partnership (PPP). For this purpose, Kyocera plans to send a delegation to Uzbekistan in the coming months to study the prospects for cooperation.

In general, it can be emphasized that business seminars held in various Japanese cities have once again made it possible to widely inform the business community of the “Land of the Rising Sun” about large-scale reforms being carried out in Uzbekistan, which receive an extremely positive assessment and provide finding new ways of expanding and deepening trade, economic and investment cooperation between Uzbekistan and Japan.

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