Tashkent, Uzbekistan (UzDaily.com) -- First Deputy Director of the Institute for Strategic and Interregional Studies (ISMI) under the President of Uzbekistan Akramjon Nematov, during a conference on the topic: "30 years of fruitful relations between Uzbekistan and Germany", described in detail the prospects for Uzbek-German cooperation on modern stage.

As the representative of the ISMI noted, “all these years, relations between the countries were accompanied by a trusting dialogue, deep mutual understanding, practical orientation of working contacts and a cooperation agenda.”

“Today Germany is the largest partner of Uzbekistan in Europe. As a result of cooperation with Germany, dozens of joint projects have been implemented and are being implemented, which have become an important part of the reforms being carried out in our country,” he stressed.

In this context, it is important to emphasize that thanks to the initiatives of the President of Uzbekistan Shavkat Mirziyoyev to deepen relations with such advanced and leading countries as Germany, interaction between Tashkent and Berlin has entered a new stage of development.

It was stated that it is the well-established political dialogue at the highest level that serves as a driver for the intensification of multifaceted cooperation between the two countries in various fields of mutual interest.

In particular, inter-parliamentary ties between our countries have been actively developing in recent years. A great contribution to this is made by the Parliamentary Group of the Oliy Majlis of Uzbekistan on cooperation with the Bundestag and the Parliamentary Group of the Bundestag "Germany - Central Asia".

There is an intensive exchange of visits of parliamentary delegations. German parliamentarians regularly participate in various events dedicated to the ongoing political and legal reforms in our country.

The parties give priority to the promotion of joint cooperation projects with leading German companies and banks in the field of trade, investment, high technology, industry, agriculture and other sectors.

Thus, Germany is a major trade partner of Uzbekistan in Europe. In 2021, the mutual trade turnover between Uzbekistan and the European Union amounted to US$3.85 billion, of which 25% came from trade with Germany.

The volume of bilateral trade between Uzbekistan and Germany for the period 2016-2021 increased by 46% from US$529.1 to US$762.3 million. An important indicator in the economic plane is a significant increase in Uzbek exports to Germany by about 40%.

Germany is also the third major investor in Uzbekistan after Russia and China. To date, within the framework of the Investment Program, about 60 projects worth 5 billion euros are being implemented in our country with the participation of German business circles in such key sectors of the economy as mining, agriculture, agrochemistry, pharmaceuticals, etc.