Tashkent, Uzbekistan (UzDaily.com) -- On 14 December 2020, within the framework of the visit of a government delegation to Japan in Tokyo, the Deputy Prime Minister - Minister of Investment and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov held meetings with the Chairman of the Board of the Japan-CIS Business Cooperation Committee of the Japanese Federation of Business (Keidanren) and Chairman of the Management Board of Marubeni Corporation Fumiya Kokubu, President and CEO of Itochu Corporation Yoshihisa Suzuki and President and CEO of Mitsubishi Corporation Takehiko Kakiyuchi.

During the meeting with Fumiya Kokubu, issues of strengthening partnership between the business communities of Uzbekistan and Japan were discussed by taking joint measures to create the most favorable conditions for the successful activities of Japanese entrepreneurs in Uzbekistan, with a view to the implementation of investment projects in promising industries. As one of such measures, the parties discussed the possibility of organizing, under the auspices of the Japanese Business Federation "Keidanren", a visit of the heads of large Japanese companies and corporations to Uzbekistan to substantively discuss the prospects for business partnership and agree on specific projects and initiatives.

In addition, they considered practical issues related to projects implemented jointly with the company "Marubeni" in Uzbekistan in the fields of energy, geology and chemical industry and discussed the possibilities for expanding the company’s presence in the market through the development of new projects in the chemical and textile industries.

During negotiations with the head of Mitsubishi, the significant role of the corporation in the implementation of large-scale projects in Uzbekistan in the energy and infrastructure development sectors was repeatedly emphasized, the important advantage of which was the introduction of advanced Japanese energy-saving technologies and high economic efficiency.

At the same time, they considered the possibilities of deepening cooperation by moving to an active investment partnership and covering new areas of cooperation - alternative energy, textile and petrochemical industries. In this context, they discussed the prospects for interaction to attract leading Japanese textile brands to cooperation with Uzbekistan.

The agenda of negotiations with the head of Itochu included an analysis of the implementation of joint projects, in particular the establishment of the production of buses and other vehicles on the basis of the production facilities of the SamAuto enterprise, as well as the localization of components for Di-Max cars. At the same time, the company’s management expressed interest in consistently expanding cooperation by working out new promising areas for investment.

Following the negotiations with representatives of Japanese business, further steps were outlined to accelerate the implementation of ongoing initiatives, as well as to develop and further promote new promising projects aimed at introducing innovations and advanced scientific and technical developments.