In a move to strengthen economic ties and foster collaboration, Uzbekistan has extended a warm invitation to Japanese companies to participate in tenders for various promising sectors. The initiative was discussed during a roundtable event in Tashkent, led by the Deputy Prime Minister of the Republic of Uzbekistan, Jamshid Khodjayev, and Masami Iijima, the President of the ROTOBO Association of Japan for trade with Russia and newly independent countries.
Representatives from the Ministry of Agriculture, including Deputy Ministers Alisher Shukurov and Kahramon Yuldashev, joined leaders from various ministries, departments, and large companies associated with the ROTOBO association at the event. The focus of the discussions included ongoing joint projects, prospects for Uzbek-Japanese trade and investment cooperation, and addressing challenges faced by Japanese businesses in Uzbekistan.
During the roundtable, Deputy Prime Minister Khodjayev highlighted the efforts to facilitate small business activities by canceling over two hundred types of licenses and authorization procedures. Moreover, significant tax reforms were implemented, reducing the overall number of taxes and halving the rates for some. The participants engaged in dialogue to understand and resolve the challenges faced by Japanese businessmen operating in Uzbekistan.
A pivotal aspect of the discussions centered around the presentation of new cooperation directions, with a notable emphasis on Japan's expertise in achieving carbon neutrality by 2050 and its leadership in the green energy sector. Uzbekistan, gearing up for increased energy capacity by 2026, with a focus on generating an additional 5 GW of solar energy and 3 GW of wind energy. Furthermore, Uzbekistan has invited Japanese companies to participate in tenders for the construction of solar and wind power plants.
The collaboration between Uzbekistan and Japan is not limited to the energy sector. Other highlighted areas include mining, machine building, pharmaceuticals, chemicals, textiles, and agriculture. There is a keen interest in the transfer of Japan's advanced technologies, particularly in the fields of IT, cyber, bio, and nanotechnologies, with a focus on integrating them into Uzbekistan's existing infrastructure and human resources.
Leaders from prominent Japanese companies, including "ITOCHU Corporation," "Sumitomo Corporation," "Sojitz Corporation," "Mitsubishi Corporation," and "Mitsui & Co.," expressed their mutual readiness to embark on new projects and initiatives. The Uzbekistan side emphasized its commitment to providing financial and technical assistance through institutions such as the Japan International Cooperation Agency (JICA) and the Japan Bank for International Cooperation (JBIC).
The roundtable concluded with a consensus on taking further measures to strengthen bilateral cooperation and ensure the successful implementation of agreements. Both parties expressed confidence that this event would contribute to the formation of new growth points in the economic partnership between Uzbekistan and Japan, marking a significant expansion and reinforcement of mutual cooperation.
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