Business leaders from Central Asian countries and Japan signed 22 cooperation agreements across various sectors during a business forum in Astana as part of the "Central Asia + Japan" summit.
The newly signed agreements cover a wide array of industries, including energy, ecology, transport, logistics, digitalization, education, mechanical engineering, medicine, and tourism. The event highlighted the growing economic ties between Central Asia and Japan, with a particular focus on sustainable development and financial stability.
Farrukh Yusufzoda, the First Deputy Chairman of the State Investment Committee of Tajikistan, addressed the forum, showcasing Tajikistan's investment potential. His remarks stressed the importance of international collaboration and the exchange of expertise to foster economic growth in the region.
The forum saw participation from over 350 companies from Central Asia and Japan, all keen to explore new avenues for trade and investment. Discussions also centered on human capital development and the enhancement of financial systems, emphasizing the role of cooperation in achieving long-term economic stability.
According to the State Committee for Investment and State Property Management of Tajikistan, Japan has invested $42.5mn in Tajikistan's economy over the past two years. In addition, the total trade turnover between the two countries in the first half of this year stood at $44.3mn, marking a 48% decline compared to the same period in 2023. Despite this drop, the forum is expected to inject fresh momentum into bilateral trade relations.
The State Committee also noted that the forum provided an invaluable platform for exchanging best practices and experiences, with the outcomes expected to further strengthen economic ties between Central Asia and Japan, contributing to the region's sustainable development.
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