Eight trading houses will be opened in Kyrgyzstan to establish trade in leather, footwear and fur products

    Business 27 January 2023 1873

    President of the Republic of Uzbekistan Shavkat Mirziyoyev is on a state visit to this country on January 26-27 at the invitation of President of the Kyrgyz Republic Sadyr Zhaparov. Before the summit meetings, a business forum "Kyrgyzstan - Uzbekistan" was held with the participation of representatives of the business circles of the two countries.

    The leadership of the Association "Uzcharmsanoat" took part in it as part of the delegation of ministries and departments of our country.

    Within the framework of the forum, negotiations were held with Kyrgyz companies and investors, the purpose of which was to develop a strategy for further expansion of cooperation, deepening investment cooperation and diversification of trade relations.

    It should be noted that in 2022, finished leather, shoes, fur, leather products and other accessories worth $ 35.2 million were exported from our country to the Kyrgyz Republic. Within the framework of the business forum, agreements were reached on the implementation of another 23 new export contracts and joint investment projects worth $ 5.5 million. In 2023, the export line is expected to reach $52 million.

    In addition, in 2023-2024, it is planned to implement $5.5 million worth of investment projects in Kyrgyzstan. We are talking about the opening of production facilities for the processing of leather, the manufacture of orthopedic shoes, the production of equipment for modern automated slaughter enterprises. Also, 8 trading houses will be opened in this country for the sale of leather, shoe and fur products produced by our domestic entrepreneurs.

    Within the framework of the business forum held in Bishkek, the leadership of the Association provided the Kyrgyz side with detailed information about the current level of development of the leather, shoe and fur industries of Uzbekistan, plans for the future, investment and export projects that were proposed to be implemented jointly with Kyrgyz entrepreneurs.

    In the dialogue with foreign investors, information was disclosed in detail about the conditions created in our country for doing business, tax and customs privileges provided by the state, and the advantages of organizing enterprises in the territories of small industrial zones.

    Specific projects and investment cases were discussed during the session of B2B negotiations.

    In particular, at a meeting with the head of the company "OrtoMaster", the issue of opening an orthopedic footwear manufacturing enterprise in Uzbekistan was agreed. The Kyrgyz company highly appreciated the favorable business environment created in our country, and in this context, a high interest in working together on new projects was emphasized.

    The business agenda of the current state visit is rich. So, within its framework, the delegation of the Association visits local enterprises and retail outlets, holds meetings with industry experts. The main goal is to reveal the untapped potential of bilateral cooperation.