TASHKENT (TCA) — On February 18, the Ambassador of Uzbekistan to Malaysia Ravshan Usmanov met with the Deputy Director of Malaysian Palm Oil Council (MPOC) Faisal Iqbal. Following the negotiations, an agreement was reached on organizing a visit of the major palm oil producers of Malaysia to Uzbekistan in March 2019, the Jahon information agency reports.
In Uzbekistan, the MPOC delegation plans to explore the logistics possibilities for creating a hub for deep processing and in-bulk production of palm oil for further export of finished products to Central Asian and CIS countries, according to the Ministry of Foreign Affairs of Uzbekistan.
MPOC’s mission is to promote the market expansion of Malaysian palm oil and its products by enhancing the image of palm oil and creating better acceptance of palm oil through awareness of various technological and economic advantages and environmental sustainability. The organization has offices in all states of Malaysia, as well as in the United States, Belgium, Turkey, Russia, China, India, Pakistan, Bangladesh, Egypt and Ghana.
Last week, the Embassy of Uzbekistan in Malaysia held negotiations with the President of SME International Trade Association of Malaysia (SMITA) Megane Soo to discuss implementation of investment projects in Uzbekistan’s Namangan region.
SMITA’s main task is to support members of the Association in finding new partners abroad for establishing business contacts and trade relations and implementing joint projects.
Following the negotiations, an agreement was reached on organizing a visit of the Association members to Namangan region by the end of February. It is planned to discuss issues of implementation of specific investment projects for construction of a hotel and creation of a livestock complex.
