BAKU, Azerbaijan, August 28. Uzbek President
Shavkat Mirziyoyev agreed to deepen investment, technology and
strategic cooperation with Singapore, as he met with a Singaporean
delegation led by Senior Minister Lee Hsien Loong.


This was reflected in the statement by the press service of the
Uzbek president.


At the start of the meeting, Lee conveyed greetings and best
wishes from Singaporean President Tharman Shanmugaratnam and Prime
Minister Lawrence Wong.


The sides noted the steady development of Uzbek-Singaporean
relations, with political dialogue and bilateral contacts
maintained at various levels.


Trade and the number of joint ventures between the two countries
have also been growing, while Singaporean investment in
Uzbekistan’s economy has reached about $2 billion, according to the
Uzbek president’s office.


The sides supported plans to expand Singaporean businesses’
investment activities in Uzbekistan and agreed to develop a joint
medium-term Strategic and Innovation Partnership Program.


The proposed program will focus on trade and investment,
technology transfer, modernization of public administration, human
capital development and digitalization.







Particular attention was given to applying Singapore’s
experience in developing special economic zones, the Tashkent
International Financial Center and digital banking in
Uzbekistan.


The sides also expressed support for the activities of
Singaporean universities in Uzbekistan, underscoring education and
human capital as another area for closer cooperation.


“The sides emphasized the need to establish regular direct
dialogue between relevant political and economic institutions to
assess progress on agreements reached at the highest level and
coordinate joint plans,” the Uzbek president’s office said.


The two countries also welcomed Uzbekistan’s recent accession to
the United Nations Convention on International Settlement
Agreements Resulting from Mediation, known as the Singapore
Convention on Mediation.


The meeting also included an exchange of views on mutual support
within international organizations and regional cooperation.


The talks highlight Uzbekistan’s efforts to draw on Singapore’s
experience in investment, public administration and digital finance
while expanding Singaporean business participation in the Uzbek
economy.