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The course of investment, trade and economic cooperation with Hungary, Kyrgyzstan and Tajikistan reviewed

On April 28 this year, in the format of a video conference, under the leadership of the Deputy Prime Minister – Minister of Investments and Foreign Trade of the Republic of Uzbekistan S. Umurzakov, a meeting was held to discuss the issues of investment and trade and economic cooperation between Uzbekistan and Hungary, Kyrgyzstan and Tajikistan, as well as practical measures for its activation.

The meeting was attended by heads of ministries, departments, industry associations, commercial banks, local authorities of regions, the Republic of Karakalpakstan and the city of Tashkent, heads of diplomatic missions of Uzbekistan in Hungary, Kyrgyzstan and Tajikistan, as well as representatives of business circles with counterparts from the above countries.

The high practical significance and effectiveness of the high-level events with Hungary, the Kyrgyz Republic and the Republic of Tajikistan, held in 2021, were emphasized, as a result of which the relevant Roadmaps were adopted. During the meeting, the implementation of the agreed agreements was substantively considered, the existing issues were analyzed, algorithms for their prompt solution were developed, and appropriate instructions were given.

In particular, it was instructed to conduct an inventory of bilateral agreements with these states, organize additional negotiations with foreign partners in order to work out problematic issues, as well as ensure the timely implementation of approved investment projects and the provision of practical assistance to their initiators.

The heads of industry associations presented reports on the current state, as well as plans for the development of investment and trade cooperation. Installations are given to maximize the use of the existing potential for deepening economic partnership with the above countries.

Following the meeting, it was instructed to submit lists of new promising investment projects and trade agreements to the Ministry of Investment and Foreign Trade as soon as possible, as well as to intensify negotiations with foreign partners in order to accelerate the achievement of firm agreements.


Source: mift.uz