Uzbekistan and Russia to boost trade and economic cooperation

TASHKENT (TCA) — A regular meeting of the Uzbekistan-Russia intergovernmental commission on economic cooperation was held in Tashkent on February 15.

During the meeting, the Russian delegation was acquainted with the results of socio-economic reforms being conducted in Uzbekistan, favorable conditions created for attracting foreign investments into Uzbekistan’s economy, the country’s export potential and possibilities in its free industrial zones, the Jahon information agency reported.

The meeting discussed raising bilateral trade and expanding its range, as well as implementing joint economic projects.

“Large-scale reforms being implemented in Uzbekistan for the purpose of economic diversification and industrial modernization are noteworthy. This commission’s session was a good opportunity to discuss issues of implementing promising joint projects and further intensifying the two countries’ cooperation. We are interested in the further development of cooperation with Uzbekistan in such spheres as trade, energy, agriculture, transport and communications, environmental protection and science,” said Russian Deputy Prime Minister Dmitry Kozak, the co-chairman of the commission from the Russian side.

On February 15, President of Uzbekistan Shavkat Mirziyoyev received Russian Deputy Prime Minister Dmitry Kozak, who arrived in Tashkent to take part in the regular session of the Uzbekistan-Russia intergovernmental commission, the Uzbek president’s press service reported.

During the meeting it was said that in 2016, Russian-Uzbek trade exceeded $4.2 billion. A package of bilateral agreements on organizing delivery of fruit and vegetable products from Uzbekistan to Russia through “a green corridor” was signed in order to further increase the trade turnover. In 2017 over 1 million tons of fresh fruit and vegetables, as well as a wide assortment of processed products, are planned to be exported from Uzbekistan to Russia.

Currently, more than 960 enterprises with Russian capital operate in Uzbekistan.

Sergey Kwan

TCA

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
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Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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