Tashkent, Uzbekistan (UzDaily.com) -- On 24 April 2020, the Ambassador of Uzbekistan to Malaysia, Ravshan Usmanov, met with First Deputy Prime Minister, Minister of International Trade and Industry of Malaysia, Mohamed Azmin Ali.

During the negotiations, issues of promoting mutually beneficial trade, economic and investment cooperation between the two countries were discussed.

The First Deputy Prime Minister of Malaysia praised the importance of the thoroughly thought-out reforms carried out by the President of the Republic of Uzbekistan Shavkat Mirziyoyev in the further development of the country’s economy, interaction with foreign countries, as well as minimizing the consequences of the pandemic. It was emphasized that it was thanks to his efforts, a wise and balanced policy, timely and unprecedented measures were taken to prevent the spread of coronavirus infection in the country.

Special attention should be paid to non-standard steps taken by Uzbekistan to protect socially vulnerable segments of the population, along with operational decisions aimed at ensuring the growth of strategic sectors of the economy, supporting the business community and realizing export potential.

Following the negotiations, the following agreements were reached:

- resumption of the work of the Joint Committee on Trade with the holding of its next meeting;

- study of the creation of a joint Center for Excellence of Halal Industry in Uzbekistan;

- attracting leading Malaysian companies to explore the possibility of implementing joint investment projects in the republic in the oil and gas, petrochemical, chemical, electrical industries, ICT, and the provision of banking and other services in the republic;

- expansion of trade cooperation in the field of trade by increasing the supply of chemical, textile, agricultural products from Uzbekistan to Malaysia;

- continuing the practice of conducting online negotiations between the business circles of the two countries to ensure timely resolution of issues related to the implementation of joint investment projects and export contracts, as well as identifying new promising areas of interaction and others.