The President of Uzbekistan receives a delegation from Japan

UZA News

The President of the Republic of Uzbekistan, Shavkat Mirziyoyev, welcomed a delegation from Japan on July 9. The delegation was led by Tadashi Maeda, Chairman of the Japan Bank for International Cooperation (JBIC). During the meeting, they discussed ways to strengthen mutually beneficial collaboration with the leading financial institution and promote cooperation projects with Japanese companies. It was noted that the visit to Japan in December 2019 had significantly improved bilateral relations and led to practical outcomes. The volume of trade and direct Japanese investments in Uzbekistan’s economy is increasing, and new joint ventures are being established. The important role of JBIC in implementing priority investment projects in Uzbekistan was acknowledged, with a current portfolio of over $3.7 billion in various sectors such as petrochemicals, textiles, energy, and infrastructure. Sojitz Corporation’s contribution to the oil and gas sector was highly appreciated, and their representative office in Tashkent was recently opened. The President emphasized the importance of expediting the preparation and implementation of new cooperation projects in areas like green energy, geology, infrastructure, public utilities, and healthcare involving Japanese companies. An agreement was made to adopt a three-year Cooperation Program with JBIC and an action plan with Sojitz Corporation for implementing promising projects in high-tech sectors in Uzbekistan.

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