The focus is on current issues of trade, economic and investment cooperation, coordination of the schedule of events for 2025.
The positive dynamics of the development of bilateral trade, economic and investment relations was emphasized. By the end of 2024, the volume of bilateral trade amounted to 352 million dollars. 260 enterprises with the participation of British capital operate in Uzbekistan in the agricultural, food, mining, pharmaceutical, textile and chemical industries, trade and services. In 2024, over 1 billion direct investments from the UK were disbursed.
In a constructive manner, a number of proposals were considered to expand the range of exports of Uzbek products to the UK, as well as to deepen investment cooperation between the two countries.
In this context, measures have been agreed to organize joint events, seminars, workshops aimed at raising awareness among representatives of the business community, civil society, and government agencies about the unique opportunities to increase exports of Uzbek products to the UK market in order to effectively use all the advantages of the Developing Countries Trading Scheme preference system.
Comprehensive measures to attract British investors to establish joint ventures in the republic in order to produce and further export products, including through the conclusion of long-term supply contracts with leading UK retail chains, can be very effective for the development of mutual trade.
The British side also proposed new mechanisms for trade development with the adoption of a corresponding document by the Uzbek-British Intergovernmental Commission on Trade and Economic Cooperation. Willingness to finance a number of joint projects and trade contracts was expressed by the UK Government's Export Credit Agency (UKEF).
Following the meeting, the parties confirmed their firm commitment to further deepen and expand cooperation in all areas of cooperation between the two countries discussed.