Tashkent, Uzbekistan (UzDaily.com) -- Today, on 8 February 2022, the second meeting of the Uzbek-Latvian Business Council was held in Tashkent in the building of the Chamber of Commerce and Industry of Uzbekistan. This was reported by the press service of the Chamber of Commerce and Industry of Uzbekistan.

The event was moderated by the Deputy Chairman of the Chamber of Commerce and Industry of Uzbekistan F. Usmanov.

The event was attended by First Deputy Minister of Investments and Foreign Trade L. Kudratov, Chairman of the Chamber of Commerce and Industry of Uzbekistan A. Ikramov, President of the Latvian Employers’ Confederation (LDDK) Vitalijs Gavrilovs and other representatives of ministries, departments and agencies, as well as representatives of business circles of the two countries.

The key topic of the event was the issues of strengthening bilateral ties between the business communities of the two countries, as a decisive factor in the further development of investment and trade and economic Uzbek-Latvian cooperation.

At the beginning of the event, L. Kudratov, First Deputy Minister of Investments and Foreign Trade, delivered an opening speech.

Speaking, the Chairman of the Chamber of Commerce and Industry of Uzbekistan A. Ikramov noted that thanks to active cooperation between our countries, the business circles of Latvia and Uzbekistan are rapidly increasing joint cooperation in the trade, economic and investment fields.

It should be noted that, in turn, the Uzbek-Latvian Business Council serves as an important platform for close, direct interaction between the business communities of the two countries and for holding many joint events aimed at further deepening and expanding trade, economic, investment, technological, transport and logistics and other cooperation between Uzbekistan and Latvia.

Further, the President of the Latvian Employers’ Confederation (LDDK) Vitalijs Gavrilovs made a speech, where he emphasized that attention is being paid to the consistent expansion of economic partnership in the priority areas for Uzbekistan and Latvia, as well as the intensification of interaction and cooperation between representatives of the business circles of the two countries. He also expressed hope that today’s meeting would become a powerful business platform for relations between the business circles of Uzbekistan and Latvia.

At today’s Uzbek-Latvian Business Council, attention was paid to strengthening cooperation between the business community of the two countries.

During the meeting, the guests were acquainted with the presentation materials on the investment potential of Uzbekistan, as well as with all the conditions for doing business in our country.

The Uzbek side was represented by the Deputy Chairman of the Uzcharmsanoat Association Farhod Nurmukhamedov, the Latvian side was represented by the Deputy State Secretary of the Ministry of Transport of Latvia Uldis Reimanis, the Parliamentary Secretary of the Ministry of Agriculture of Latvia Edgars Kronbergs.

At the end of the event, the ceremony of signing bilateral documents on cooperation was held.

On 9 February 2022, the Uzbek-Latvian Business Forum will be held at the International Hotel Tashkent.

At the end of 2021, the volume of mutual trade amounted to US$228 million, including exports - US$52.8 million and imports - US$175 million.

Currently, there are 68 enterprises with the participation of investors from Latvia, including 46 joint ventures and 22 enterprises with 100% Latvian capital, as well as 1 representative office, operating in the republic.

To expand the supply of Uzbek products to the Baltic countries and the European Union, September 10, 2021 in an online format with the participation of representatives of state bodies of Latvia, the Embassy of the Republic of Uzbekistan in Latvia, business circles of Latvia and the Chamber of Commerce and Industry of Uzbekistan, the opening of the Uzbek trading house in Riga took place