Uzbekistan and Hong Kong are preparing to sign a Bilateral Investment Treaty (BIT) on the promotion and protection of investments. This was reported by the press service of the Ministry of Investment, Industry and Trade.
Recently, Deputy Minister of Investment, Industry and Trade Ilzat Kasymov held a meeting with a Hong Kong delegation led by Paul Lam, Secretary for Justice of the Hong Kong Special Administrative Region. The sides also discussed opportunities to expand cooperation in the financial, investment and legal sectors.
Particular attention was paid to the development of the Tashkent International Financial Centre, which is scheduled to begin operations in 2027. Uzbekistan intends to use Hong Kong’s experience and expertise in developing the centre’s international financial infrastructure and attracting leading Hong Kong financial, investment and legal firms.
An important part of the talks focused on preparing the BIT and other agreements in the investment and financial sectors. The Ministry of Investment, Industry and Trade noted that their implementation is expected to provide additional guarantees for investors, improve the business environment and promote growth in mutual investment.
A separate meeting was held at the Ministry of Economy and Finance. Deputy Minister Umid Abidkhadjaev and Paul Lam discussed diversifying sources of financing, attracting investment and financing priority projects. They also considered the possibility of making greater use of Hong Kong’s experience in international finance and financial instruments.
At the same time, Uzbekistan and Hong Kong are developing cooperation in the legal sector. During a meeting at the Ministry of Justice, the sides discussed sharing experience in lawmaking, legal services, digitalization of the justice system and professional training. Particular attention was paid to international arbitration and alternative dispute resolution.
Following the meeting, the Ministry of Justice and Hong Kong’s Department of Justice signed a memorandum of cooperation providing for the exchange of experience and experts, the organization of joint events and implementation of joint projects.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
