TASHKENT (TCA) — The Fund for Support of Exports of Small Businesses and Private Enterprises of Uzbekistan will soon open its representative office in China, the Jahon information agency reported with reference to the Fund’s press service.
The Fund has already held negotiations with the Chamber of Importers of Weihai City and ShinDaDong Company, and the Chinese side has expressed a special interest in importing food products produced in Uzbekistan.
“Today, the Fund runs its representative offices in Russia, South Korea, Italy, Bulgaria, Switzerland, Germany and Spain. Aiming to expand the map of exports of small and private businesses of Uzbekistan, the Fund intends to open representative offices in Latvia, Singapore, Portugal, Czech Republic, Luxembourg, Poland, the UK, Kuwait and other countries in the near future,” its press service reported.
Major functions of the Fund’s representative offices abroad include the conduct of market research, search for potential importers of domestic products, promotion of Uzbek brands in foreign markets, assistance to Uzbek entrepreneurs with participation in exhibitions, fairs, and tenders abroad.
In addition, they organize visits of foreign importers to Uzbekistan for negotiations with local suppliers of products, assist in obtaining international certificates, licenses and other permits, as well as organize foreign internships for specialists of Uzbek industrial enterprises.
In March, the Fund initiated an event on trade, economic and investment capacity of Uzbekistan in Dresden, Germany. It was organized by the Economic Development Agency of Saxony, Commerzbank, and other German organizations.
The Fund’s Representative Office in Germany and the German company Orchidee Europe BVBA reached an agreement on the distribution of Uzbek textile products in an annual volume of $10 million.
