Uzbekistan and the Japan Bank for International Cooperation (JBIC) have signed a three-year cooperation plan aimed at facilitating non-sovereign financing for projects led by Japanese companies in Uzbekistan.
This agreement was formalized during a high-profile visit to Tokyo by Uzbekistan’s Minister of Investment, Industry, and Trade, Laziz Kudratov, from October 29 to 31. The cooperation plan highlights Japan’s commitment to expanding economic engagement with Uzbekistan through targeted investment in strategic sectors.
Kudratov’s meetings with senior Japanese officials, financial leaders, and top executives focused on strengthening Uzbek-Japanese trade and economic partnerships and enhancing financial and technical cooperation.
Among the officials Kudratov met were Japan’s Minister of Economy, Trade, and Industry, Yoji Muto, and Minister of Land, Infrastructure, Transport, and Tourism, Tetsuo Saito. Both sides agreed to intensify cooperation across a range of sectors, including mining, chemicals, engineering, and energy, outlining concrete steps to deepen industrial collaboration and boost trade.
A key area of focus was infrastructure development, with agreements to update Uzbekistan’s building codes, improve seismic safety standards, and introduce advanced public transit management systems. Plans were also made for a delegation of Japanese IT companies to visit Uzbekistan’s IT-Park Tashkent, creating new outsourcing and technology partnership opportunities.
Additionally, Uzbekistan confirmed its participation in the 2027 Yokohama International Fruit and Vegetable Expo, aimed at strengthening agricultural trade.
In collaboration with the Japan International Cooperation Agency (JICA), Uzbekistan established a program to support new projects, including engineering training, the development of free economic zones, and the launch of the "One Village – One Product" initiative. This initiative seeks to empower Uzbek citizens with entrepreneurship skills, supporting local economic development.
Top Japanese corporations, such as Sojitz, Toyota Tsusho, Sumitomo, Jogmec, and Itochu, have also committed to exploring industrial and infrastructure projects in Uzbekistan. Many of these projects will be structured as public-private partnerships, facilitating innovative and sustainable growth.
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