Uzbekistan and Japan sign several documents
31/10/2018 19:46
Uzbekistan and Japan sign several documents
31/10/2018 19:46
Tashkent, Uzbekistan (UzDaily.com) -- The 14th meeting of the Uzbek-Japanese and Japanese-Uzbek economic cooperation committees was held in Tokyo, organized by the State Committee on Investments of the Republic of Uzbekistan, with the support of the Embassy of the Republic of Uzbekistan in Japan.
More than 180 representatives of the business circles of Japan, representing 52 leading companies of world renown, including: Mitsubishi, Marubeni, Sumitomo, Itochu, Toyota, Kawasaki, Sozhits Corporation, Mitsui ”,“ Nissan ”,“ Hitachi ”, and others, took part in the discussion of prospects for cooperation with Uzbekistan.
Japan’s co-chair Mikio Sasaki, Mitsubishi Corporation’s Senior Corporate Counselor, the leaders of the Japan International Cooperation Agency (JICA), the Japanese Foreign Trade Organization (JETRO) highly appreciated the reforms being carried out in the Republic of Uzbekistan and expressed confidence that the ongoing reforms in the country would open wide prospects for business development of Japanese companies.
Following the meeting, documents were signed on implementation of joint projects in the electric power industry, petrochemical industry, and light industry with Mitsubishi Corporation, Atomix, as well as the JICA Agency.
Agreement was reached with the Japan Bank for International Cooperation (JBIC) on joint implementation of projects in the telecommunications sector.
The signed agreement between Sumitomo Mitsui Bank and the NBU Bank will open up new opportunities for the implementation of the Uzbek-Japanese economic projects.
The parties agreed to intensify mutual contacts and promote the establishment of mutual cooperation between the businessmen of the two countries.
In January-September 2018, the trade turnover between Japan and Uzbekistan reached over US$300 million.
At present, there are 17 enterprises in the Republic of Uzbekistan with the participation of Japanese investments, including 7 companies with 100 Japanese capital.
The main areas in which Japanese enterprises operate are: oil and gas, petrochemical and chemical industries, production of power equipment, engineering and engineering products, transportation and logistics services, trade operations, tourism and other.
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