Why is this important
Japan is one of Uzbekistan’s key technological and investment partners, particularly in industry, energy, and infrastructure. Dialogue at the management level of the largest corporations and financial institutions forms the basis for long-term projects and capital inflow into priority sectors of the economy. Such meetings also set directions for the technological development of the country and influence the pace of industry modernization.
What happened
- Shavkat Mirziyoyev held a meeting with the leadership of leading Japanese companies, business associations, and financial institutions.
- The Head of State noted the high level of mutual trust between Uzbekistan and Japan and the mutual interest in deepening the partnership.
- The President outlined priority areas for cooperation and emphasized the strategic nature of partnership with Japan.
- Following the meeting, a number of bilateral agreements were signed.
Numbers and facts
- Since 2017, the trade turnover between Uzbekistan and Japan has doubled.
- The number of Japanese companies operating in Uzbekistan has increased tenfold during this period.
- The parties are developing cooperation in energy, geology, infrastructure, medicine, and information technology.
Context
- The identified priorities indicate Uzbekistan’s desire to attract Japanese technologies and investments in high-tech and environmentally oriented industries.
- The emphasis on the “green” transition, mineral processing, engineering, and digital solutions reflects the focus on creating a more complex and export-oriented economy.
- The special economic zone project, based on the Japanese model, can become a tool for localizing production and implementing advanced management and automation standards.
