Tashkent, Uzbekistan (UzDaily.com) -- Ambassador of the Republic of Uzbekistan to Japan M. Abdurakhmonov held a meeting with Vice President of YKK Corporation Makoto Nishizako. This was reported by the press service of the Embassy of Uzbekistan in Tokyo.

Founded in Japan in 1934, YKK is the world’s largest designer and manufacturer of zippers. The range includes unique technical and modern solutions in the field of fixation systems made of metal and synthetic materials. In its early years, the company was named after founder Yoshida Kogyo Kabushikaisha - or "YKK". The letters "YKK" were embossed on the zipper tabs, thus YKK became a well-known trademark of the company. The company currently has 111 offices in 73 countries. More than 45.5 thousand employees work in the company.

During the meeting, the director of the Corporate Planning Department M. Nishizako got acquainted with the investment potential and export opportunities of the textile industry of Uzbekistan, which have increased over the past few years, a wide range of competitive products produced in this industry, export opportunities and the development of a cluster system.

Also, the decision of the International Coalition "Cotton Campaign" to cancel the global boycott of Uzbek cotton, as well as the work done in this direction, was brought to M. Nishizako. In particular, about the coordinated and systematic work on the implementation of the "Roadmap of Reforms" developed by the Government of Uzbekistan to end forced labor in the cotton industry and ensure the effectiveness of ongoing reforms.

The attention of Japanese partners was drawn to the fact that the abolition of the cotton boycott will help attract world brands to the republic and increase the volume of exports of Uzbekistan’s products to foreign countries by 1,196 Uzbek textile enterprises, incl. Japan. 

For his part, M. Nishizako was interested in the production capacities of textile enterprises, imports of zippers and rivets, logistics routes for products exported and supplied to the republic. 

M. Nishizako noted that he had learned a lot about Uzbekistan for himself, and saw prospects for establishing business contacts with Uzbekistan, and also assured that he would work out issues of bilateral cooperation between YKK Corporation and companies of Uzbekistan.

As a result of the negotiations, the main priority areas of cooperation were identified, an agreement was reached on further elaboration of joint proposals, as well as receiving proposals from YKK Corporation for cooperation.