Uzbekistan and France discuss further cooperation

TASHKENT (TCA) — The regular, sixth meeting of the Uzbek-French Intergovernmental Commission on Trade and Economic Cooperation was held in Tashkent last week, the Jahon Information Agency reported. Representatives of ministries and agencies, firms and companies of the two countries operating in the fields of economy, trade, investment, oil and gas, banking and finance, engineering, aviation, natural resources, agriculture and water resources, geology, pharmaceuticals, information technology and telecommunications participated in the meeting.

Participants discussed further increasing bilateral trade turnover, increasing the number of joint ventures, and expansion of product range. They had a detailed exchange of views on the economic potential and opportunities of Uzbekistan and France. They also discussed strengthening of bilateral ties between banking and financial institutions of the two countries.

French entrepreneurs were provided with detailed information on priority directions of attracting investments into the economy of Uzbekistan, about investment opportunities created in Uzbek free economic zones of Navoi, Angren, and Jizzakh, and strategic projects proposed for implementation in cooperation with foreign investors.

As a result of the Commission’s sixth meeting, the governments of Uzbekistan and France signed an agreement on air communication. Uzbekistan’s national railway company Uzbekistan Temir Yollari and France’s Alstom signed an agreement on cooperation in the production of asynchronous heat engines in Uzbekistan. Uzbek pharmaceutical company Uzfarmsanoat and French Sanofi entered into a Memorandum of Intent on producing a new generation of vaccines.

Sergey Kwan