OREANDA-NEWS. On January 26, 2009 Legislative Chamber of Oliy Majlis of Uzbekistan (lower house of the Uzbek parliament) passed a law "On ratification of agreement between Uzbekistan and Japan on liberalization, encouragement and protection of investments", reported the Official website www.investuzbekistan.uz.

During the discussions, the parliamentarians underlined the agreement will help to attract Japanese investments into economy of Uzbekistan and guarantee rights of the Uzbek investors in Japan.

The agreement on liberalization, encouragement and protection of investments between Uzbekistan and Japan was signed in Tashkent on 15 August.

The agreement includes full and detailed regulations on liberalization, encouragement and protection of investments. The document became another step in strengthening and boosting investment relations between two states. It is expected that it will contribute to strengthening of economic cooperation between the countries.