Uzbek-Japanese business forum held

The event was dedicated to the further expansion of bilateral trade, economic and investment cooperation. It was attended by representatives of ministries and departments, companies and concerns of the two countries responsible for the sphere of foreign economic relations, trade, investment, energy, banking and finance, tax, customs systems, engineering, air, light industry, textile, metal processing industry , health, geology and mineral resources, transport and transport communications, information technology, electronics, logistics, insurance, and tourism. First Deputy Minister of Economy G. Saidova, Adviser to the Ministry of Economy, Trade and Industry of Japan Yochi Kato emphasized the consistent development of our countries economic and trade cooperation, and that an important legal basis are made during the meetings of the heads of the two states agreed. Relationship between Uzbekistan and Japan have been developing in the spirit of signed in 2002 a joint statement on friendship, strategic partnership and cooperation. Japan broadly supports sequential reforms implemented in all areas of our country. We regularly hold joint Uzbek-Japanese and Japanese-Uzbek committees on economic cooperation. In Tashkent, there are representative of Japan International Cooperation Agency (JICA) and the Japan External Trade Organization (JETRO). The total amount invested by Japan in Uzbekistan for the last period of the establishment of diplomatic relations between investment is about U.S. $ 2 billion. In particular, as part of the Japanese government's "official development assistance" allocated 910 million U.S. dollars, through commercial loans of Japan Bank for International Cooperation (JBIC) for the development of the fuel and energy complex and textiles selected 721 million U.S. dollars. With the participation of Japanese investments in the country sold more than a dozen major projects. The forum Japanese businessmen were provided with detailed information on the conditions for attracting investment in the economy of our country. Guests were introduced to this country in the ongoing privatization process, the sequence of reforms in the economy, changes in the development of small business and entrepreneurship, working conditions and benefits, created in the free industrial economic zone "Navoi". - Japan with great interest the development of cooperation with Uzbekistan - said Yochi Kato. - Uzbekistan - a country with rich natural resources, a huge intellectual and economic potential. These factors serve intensive development between the two countries mutually beneficial cooperation. Created in your country to foreign investors favorable conditions and opportunities all over stimulate the interest of business people in Japan in cooperation with the Uzbek partners. This forum will serve to further enhance and strengthen trade and economic cooperation between our countries. Japan and Uzbekistan have great potential in the development of mutual trade and economic ties. The volume of trade in 2008 increased by almost two and a half times. Expand its scope of investment cooperation. Arrival in our country by many large companies and firms indicates strengthens their interest in expanding mutual cooperation with our companies. The forum emphasized that despite the ongoing world financial and economic crisis, Uzbekistan through sound political and economic stability of the steadily increasing volume of gross domestic product. Held a comprehensive exchange of views on a full economic potential and opportunities of Uzbekistan and Japan. Issues concerning the further development of trade-economic and investment cooperation between the two countries, the involvement of Japanese companies in the privatization process in the country. It was noted that this is important to further strengthen the ties between the business communities of the two countries. Source: UzA