Tashkent, Uzbekistan (UzDaily.uz) — Tashkent region has reached preliminary agreements with Japanese partners on export contracts and investment projects worth a combined US$63 million, the regional administration reported.
The agreements were reached at a business forum in Tokyo focused on the region’s economic potential and investment opportunities. The event brought together 30 entrepreneurs from Tashkent region and more than 200 representatives of Japanese companies and business organisations.
Uzbek participants outlined the reforms being implemented in the country, as well as its political and macroeconomic stability. They also presented guarantees and incentives for foreign investors, highlighting the protection of their rights and interests and the conditions for doing business.
Tashkent region Governor Zoyir Mirzaev, Uzbekistan’s ambassador to Japan and other members of the delegation presented the region’s economic opportunities. They identified industry, agriculture and tourism among the promising areas for cooperation.
Participants were also briefed on the region’s production infrastructure, investment opportunities, export potential and prospects for cooperation with Japanese companies.
More than 50 business-to-business (B2B) and business-to-government (B2G) meetings were held between the regional governor and Japanese business representatives. The discussions covered specific projects, trade contracts and investment cooperation mechanisms.
The talks resulted in agreements on six export contracts worth a total of US$11 million. They cover supplies of fruit and dried fruit, IT products, agricultural goods and textiles.
In addition, cooperation is being discussed with seven Japanese companies on investment projects in Tashkent region worth a combined US$52 million.
According to the regional administration, 34 Japanese investors and entrepreneurs have expressed interest in visiting Uzbekistan to explore opportunities for implementing potential projects in the region.
Regional authorities see the forum as a step towards expanding international economic cooperation, attracting Japanese investment and technology, and increasing exports of locally produced goods.
