Tashkent, Uzbekistan (UzDaily.com) -- During the visit of the government delegation, meetings were held with the leadership of the Japan Organization for Foreign Trade Development (JETRO), Japan Business Federation Keidanren, Toyota Tsusho and Sumitomo Corporation.

The mechanisms of bilateral trade development were discussed with the Chairman of the Japan Organization for Foreign Trade Development (JETRO) N. Sasaki: among the key areas of potential cooperation are attracting technical assistance from Japanese experts in the development of cross-border trade with the CIS countries, eliminating tariff barriers and cooperating with the Japan Association for System Certification quality (JAB), which will facilitate the access of Uzbek products to the Japanese market.

The JETRO leadership also expressed its readiness to assist in organizing exhibitions of textile and agricultural products in Japan and the parallel participation of Uzbek manufacturers in specialized international exhibition events, in particular, in the largest food exhibition FoodEx Japan.

Negotiations with the chairman of the Committee for Cooperation with the CIS Countries of the Japan Business Federation Keidanren T. Assad turned out to be very productive - a full understanding of the mutual interests of business representatives of both countries was achieved and a high potential for intensifying communication between Japanese and Uzbek companies with a view to developing and implementing joint projects was noted. For this, the prospects and organization of large-scale business events with the involvement of entrepreneurs of both countries were examined in order to highlight the advantages of the investment climate created in the country and favorable conditions for foreign capital.

The prerequisites for diversifying activities in Uzbekistan in the automotive, textile, chemical, mining and food industries, electronics and hospitality were discussed with the leadership of Toyota Tsusho, a diversified company. In addition, M. Akiyama, executive director of the company, expressed interest in building wind and solar power plants in several regions of the country on the principles of public-private partnership and in participating in the privatization of large industrial facilities of the Republic.

Sumitomo Corporation, represented by Director M.Hedo, also expressed interest in implementing investment projects in the energy and agricultural sectors. Moreover, the possibilities of participation of Japanese partners in the modernization and integrated management of transport infrastructure facilities and special industrial zones were examined.