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ASTANA (TCA) — French pharmaceutical company Servier and KAZAKH INVEST National Company for Investment Support and Promotion signed an agreement on cooperation in pharmaceutical production. The document was signed by Servier’s EAEU Managing Director Jerome Gavet and KAZAKH INVEST Chairman Saparbek Tuyakbayev, at the Kazakhstan Global Investment Roundtable in Astana on July 3, the Kazakh company said. Continue reading
BISHKEK (TCA) — Kyrgyzstan’s Healthcare Minister Talantbek Batyraliev has come under criticism, especially from Parliament members. Continue reading
TASHKENT (TCA) — A number of important agreements aimed at expanding economic and trade cooperation have been reached before and during the ongoing state visit of Uzbekistan President Shavkat Mirziyoyev to the Republic of Korea, the Jahon information agency reports. The Ministry for Foreign Trade of Uzbekistan and the Ministry of Trade, Industry and Energy of the Republic of Korea discussed the possibility of establishing a free trade zone and reached agreement on the need to ensure preferential access to the markets of the two countries. In this regard, heads of the ministries adopted a decision on holding the first meeting of the joint working group until the end of this year. The meeting is set to contribute to the preparation of a bilateral Agreement on preferential trade between Uzbekistan and the Republic of Korea. The Export-Import Bank Korea Eximbank and the National Bank of Uzbekistan have signed a loan agreement worth $150 million. The agreement is expected to provide a credit line for financing small business and investment projects involving the acquisition of equipment, goods and services of Korean production. The credit line is set to cover projects in the areas of agriculture, food industry, medicine, production of construction materials, and automotive industry. Before the president’s visit to South Korea, on November 16-18, a delegation of Uzbekengilsanoat light-industry JSC held a number of meetings and negotiations in Seoul. Following meetings with heads of large Korean trading companies Posco Daewoo, Color of Paradise, Solsang International Corp, RATEL E&T co., Ltd, Korea Factory and trading networks Lotte Mart, the parties reached agreements (contracts and protocols of intentions) to export $70 million worth of textile products from Uzbekistan to Korea in 2017-2018. The Agency for development of the pharmaceutical industry under the Ministry of Health of Uzbekistan has reached an agreement on organization of production of highly effective Korean medicines in Uzbekistan. The Korean side will invest $25 million in direct investments. Agreements were reached with such leading Korean companies as Dalim BioTech, Yuhan Corporation and Erae. Special attention was paid to the organization of 7 new pharmaceutical free economic zones in Uzbekistan.
ALMATY (TCA) — A delegation of the Indian Federation of Chambers of Commerce and Industry arrived in Almaty to invite Kazakhstan entrepreneurs to expand cooperation, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on July 24. Continue reading
TASHKENT (TCA) — On June 16, Dr. Jatinder Cheema, Regional Mission Director, U.S. Agency for International Development/Central Asia and Dr. Mirzanazim Dusmuratov, Chairman of Board of the Uzbek State Joint Stock Pharmaceutical Company, Uzpharmsanoat, participated in a signing ceremony to formalize cooperation between Uzpharmsanoat and USAID on the implementation of the “Promoting the Quality of Medicines” Project in Uzbekistan, the US Embassy in Tashkent said. Continue reading
TASHKENT (TCA) — Seven new free economic zones in Uzbekistan will specialize in growing medicinal plant feedstock for the country’s pharmaceutical industry, the Jahon information agency reported. Continue reading
