NEWS AND EVENTS
September 16, 2009
State Property Committee discusses attraction of Japanese, Korean investments
Representatives of Japan and Korea held negotiations at the State Property Committee of Uzbekistan to discuss strengthening of cooperation in attraction of Japanese and Korean investments into Uzbekistan.
The State Property Committee of Uzbekistan said its management held two separate meetings with the delegation of Japan and Korea on 10 September.
Japanese delegation included the First Secretary of Japan Embassy in Uzbekistan Chayami Hiroshi and head of JETRO office in Uzbekistan Hidekazu Shibamoto. Korean delegation was represented by the First Secretary of Korea Embassy in Uzbekistan Kim Young-kuk and head of KOTRA office in Uzbekistan Li Myong Gu.
During the meetings, the sides discussed issues of strengthening bilateral relations in boosting investment attraction from Japan and Korea to Uzbekistan through privatization process. The sides paid special attention to low income and non-functioning objects, located in various regions of Uzbekistan, where new production capacities can be launched in such sectors as textile, construction materials, pharmaceuticals, processing of agriculture products, etc.
All these objects have necessary infrastructure like electricity, water, gas and other engineering communications, which allows to establish new enterprise fast investing into technology and turnover funds.
Japanese side noted that there is need to inform Japanese businesses about existing investment opportunities in Uzbekistan to attract their investments. Japan representatives said that the State Property Committee of Uzbekistan could present their all projects at the business forum, which is organized by the Ministry of Foreign Economic Relations, Investment and Trade of Uzbekistan and Japan Trade Ministry in November 2009.
The State Property Committee of Uzbekistan handed over materials and information on privatized objects in the country for further distribution of them among potential Japanese and Korean investors.