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Japanese businessmen interested in implementation of new joint investment projects in Uzbekistan

Business Materials 17 March 2021 12:11 (UTC +04:00)

BAKU, Azerbaijan, Mar. 17

By Klavdiya Romakayeva - Trend:

Representatives of Japanese business discussed prospects for participation in the implementation of new joint investment projects in Uzbekistan, Trend reports with reference to the Ministry of Investment and Foreign Trade of Uzbekistan.

On March 1, 2021, Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov took part in a video conference with the Japan Business Federation (Keidanren).

The Japanese side was headed by the Chairman of the Japan-CIS Business Cooperation Committee of the Federation Fumiya Kokubu. The business conference was also attended by the heads of 25 leading organizations-members of Keidanren, such as Itochu Corporation, Japan Tabako, Japan Foreign Trade Organization (JETRO), Japan Bank for International Cooperation (JBIC), Marubeni Corporation, Mitsubishi Corporation, Mitsubishi Electric, Nippon Express, Mitsui & Co., Panasonic Corporation, Shimizu Corporation, Sumitomo Corporation, Toyota Tsuse Corporation, Yokogawa Electric”.

It is reported that the Uzbek side comprehensively covered the current state and prospects for the development of political-diplomatic and trade-economic Uzbek-Japanese relations, as well as expressed commitment to further systematic support of Japanese business in the Uzbek market.

In turn, Fumiya Kokubu noted a positive trend in the development of trade, economic, financial, technical and investment partnership between the two countries, which is facilitated by effective bilateral cooperation between relevant ministries and departments, aimed at consistent implementation of the agreements reached following the visit to Japan at the highest level in December 2019.

In addition, during the business conference, representatives of Japanese business had the opportunity to discuss the prospects for participation in the implementation of new joint investment projects in Uzbekistan and discuss the most promising areas for further partnership, which was another confirmation of the growing interest of the Japanese business community in the Uzbek market.

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