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Scottish companies got acquainted with the investment and trade opportunities of Uzbekistan

The Embassy of our country in the UK, with the assistance of the Scottish Chamber of Commerce in the city of Aberdeen, organized a round table on the investment and trade opportunities of Uzbekistan, a Dunyo news agency correspondent reports.

The round table was attended by representatives of companies from the oil and gas industry, the renewable energy sector, logistics and agriculture.

Representatives of the ministries of energy, investment and foreign trade, the Investment Promotion Agency under the Ministry of Foreign Trade, Uzbekneftegaz JSC, as well as the Khokimiyat of Kashkadarya region also made online presentations.

The British side was familiarized with information about the ongoing large-scale reforms in Uzbekistan, the progressive nature of the Uzbek-British interaction, wide opportunities for further intensification of investment and trade and economic ties. The investment opportunities in the oil and gas and petrochemical industries, the field of alternative energy, the priorities of the modernization of industries with the involvement of innovative solutions and advanced technologies were discussed in detail. Separately, the export potential of agricultural and textile products of the regions of Uzbekistan is presented.

The participants of the event highly appreciated the large-scale transformations in Uzbekistan, including in the field of economic liberalization, development of foreign trade, and showed interest in establishing cooperation in these areas.

During the talks, priority steps were outlined for the practical implementation of the proposals voiced and the agreements reached. In particular, representatives of a number of Scottish companies expressed their intention to visit Uzbekistan in March to hold meetings with potential partners.

Separately, bilateral negotiations were held with representatives of the regional administration, the regional office of the UK Department for International Trade, the Chamber of Commerce, the Scottish Development Agency, a number of technology centers and companies.

It should be noted that Scotland is the main center in the UK for the development and implementation of the latest technologies in the field of renewable energy sources, which provide a significant part of the region’s needs. Also developed are such sectors of the economy as fisheries, chemical, pulp and paper, food and shipbuilding industries.