Uzbekistan, Japan sign exchange notes
The signing ceremony was held at the Ministry of Foreign Economic Relations, Investments and Trade of Uzbekistan. Japan allocated US$5 million to realization of the project. The funds were issued within no-string aid to general projects.
Uzbekistan and Japan are strategic partners. Japan is one of the leading investors to Uzbekistan. Japan issued US$1.9 billion to Uzbekistan, including US$910 million within preferential yen loan programme Official Development Assistance. Japan Bank for International Cooperation (JBIC) allocated US$721 million into fuel-energy and textile industries of Uzbekistan. The country received US$234 million within no-string aid and technical assistance.
Foreign trade turnover of Uzbekistan made up US$139 million in 2009. Currently, 8 enterprises with Japanese investments operate in Uzbekistan, including one with 100% Japanese capital. They operate in such sectors as transport, tourism, healthcare, machinery, metal processing and light industry. Sixteen Japanese companies accredited in Uzbekistan.
