The purpose of the meeting is to discuss the status of current projects, as well as to identify further areas of cooperation on the transition to a green economy.

The parties began negotiations by discussing the ongoing reforms being carried out in the country, including work on the development of master plans for each region of the country. These reforms are part of a system that donors and financial institutions use to support the country's successful transition to a green economy.

In addition, a project on assistance to the private sector and consultations on economic policy in Uzbekistan aimed at identifying industrial sectors and infrastructure for the subsequent "green" transition was discussed.

This project will assist the Ministry of Economy and Finance in carrying out economic reforms and creating conditions for long-term economic development with a special focus on developing the potential of the public and private sectors for green industrialization and the green economy.

The proposed project provides for the development and implementation of a sustainable green economy and green industry policy through intensive capacity building, on-the-job training, international networking and knowledge transfer.

The project will also provide expertise on CO2 measurement and certification, support Uzbekistan's participation in international trade in CO2 certificates and adaptation to the EU Cross-border Management Mechanism (CBM). The private sector will be supported in adapting green technologies for resource-saving, sustainable production, for example, through circular economy models and green industrial parks.

The project will affect regions and industries that are particularly vulnerable to climate change and its consequences.

Following the meeting, the parties signed an agreement on the implementation of the project "Assistance to the private sector and consultations on economic policy in Uzbekistan" ("Green Industrialization") the total cost is 9 million euros.