On July 9, the President of the Republic of Uzbekistan Shavkat Mirziyoyev received a delegation from Japan led by Tadashi Maeda, Chairman of the Japan Bank for International Cooperation (JBIC).

The issues of enhancing mutually beneficial collaboration with this leading financial institution and promoting cooperation projects with Japanese companies were discussed.

It was noted with deep satisfaction that the high-level visit to Japan in December 2019 brought bilateral relations to a qualitatively new level, filling them with practical content.

The volume of mutual trade and direct Japanese investment in Uzbekistan’s economy is growing, and new joint ventures are being created.

The important role of JBIC in implementing priority investment projects in Uzbekistan was noted. Today, the portfolio of joint projects has exceeded $3.7 billion, covering areas such as the petrochemical, textile industry, energy, and infrastructure modernization.

The activities of the Sojitz Corporation in Uzbekistan, with which several large oil and gas sector projects have been implemented, were highly appreciated. Yesterday, the company’s representative office opened in Tashkent.

The Head of state noted the importance of speedy preparation and implementation of new cooperation projects involving Japanese companies in green energy, geology, infrastructure modernization, public utilities, and healthcare.

An agreement was reached on the adoption of a three-year Cooperation Program with the Japan Bank for International Cooperation and an action plan with Sojitz Corporation for implementing promising projects in Uzbekistan’s high-tech sectors.

UzA