According to the Ministry of Investment and Foreign Trade (MIFT), the agenda included issues of further strengthening bilateral ties in the field of investment, industry and mutual trade.

It was announced that in recent years, thanks to regular bilateral contacts at the level of the leadership of the two states, as well as ministries and departments, the economic partnership between Uzbekistan and Japan has been steadily developing.

According to the results of three months of this year, the volume of mutual trade exceeded the same indicator of last year twice. Exports from Uzbekistan to Japan are dominated by chemical products, services, non-ferrous metals, textile products, food products, vegetable juices and extracts, while vehicles, plastic products, machinery and equipment are most often imported. Active work is underway to increase exports of Uzbek textiles, fruits and vegetables, chemicals and alloys to Japan.

Significant progress is also observed in the investment sphere: at the moment, 46 enterprises with the participation of Japanese investments operate in Uzbekistan, of which 30 are with 100% Japanese capital. Representative offices of 15 large Japanese companies are accredited, the main areas of activity of which are the oil and gas, petrochemical, machine-building and chemical industries, the production of equipment for energy facilities, transport and logistics services, trade operations, education and tourism.

The parties reviewed the progress of implementation of 22 projects worth $4.3 billion, signed following the visit of the President of Uzbekistan to Japan in 2019.

During the dialogue, significant opportunities were noted for expanding cooperation in the fields of energy, healthcare, transport infrastructure and information and communication technologies. An agreement was reached on establishing a mechanism for close interagency cooperation to exchange specific project proposals in these areas, as well as to promote their practical implementation.

In a separate order, the parties discussed the possibility of organizing by the Japanese side internships and trainings for Uzbek specialists in Japanese industrial test centers. This will help strengthen the human resources potential of Uzbekistan in the field of standardization, certification of products and services, metrology and quality management, which, in turn, will improve the quality and competitiveness of domestic products and their compliance with modern international standards.

Following the meeting, an agreement was reached on close joint work on the accelerated implementation of current and approval of ongoing projects, as well as mutual commitment to deepening Uzbek-Japanese cooperation.