Issues of expansion of Uzbek-Tajik partnership discussed at MIFT

    Deputy Prime Minister - Minister of Investments and Foreign Trade of the Republic of Uzbekistan S. Umurzakov met with First Deputy Prime Minister of the Republic of Tajikistan D. Said at the Ministry of Investments and Foreign Trade.

    During the meeting, the current state and measures to expand bilateral cooperation in the fields of investment, trade, energy, water management, transport and logistics were discussed.

    It was emphasized that investment cooperation and industrial cooperation between the two countries is characterized by growing dynamics: currently 64 enterprises with Uzbek capital operate in Tajikistan, and 252 Tajik companies operate in Uzbekistan. The parties discussed issues related to the implementation of current projects, and also agreed to accelerate work on the development and coordination of new promising initiatives.

    It was noted that over the past five years, the volume of mutual trade has increased significantly - almost three times, and in the first four months of this year, this indicator increased by 35 percent compared to the same period of the previous year. The parties spoke in favor of intensifying joint work to increase the Uzbek-Tajik trade turnover in order to bring its value to $ 1 billion and discussed mechanisms for further cooperation in this direction.

    In this context, opportunities were considered for the creation of a free industrial and trade zone "Uzbekistan - Tajikistan" in the border zone, which includes manufacturing enterprises, as well as logistics and wholesale and distribution infrastructure.

    In a separate order, issues of cooperation in the field of energy and water resources were considered, bearing in mind the implementation of joint projects for the construction of new energy generating capacities.

    As a result of the meeting, the participants outlined further steps for the qualitative and timely implementation of tasks to expand multifaceted cooperation between the two countries, the press service of the MIFT of the Republic of Uzbekistan reports.