Session of Uzbek-British Council for Trade and Industry takes place in Tashkent

Tashkent, Uzbekistan (UzDaily.com) -- The 24th meeting of the Uzbek-British Trade and Industry Council (UBTIC) is being held these days in Tashkent.

The annual session of UBTIC brought together entrepreneurs from Uzbekistan and the UK in order to provide an opportunity for both parties to learn more about the business opportunities available in both countries.

This year more than 110 businessmen representing more than 60 British companies took part in the event. This event attracts the largest number of participants in the history of UBTIC.

The plenary session was chaired by Deputy Prime Minister of Uzbekistan Elyor Ganiyev and Baroness Emma Nicholson of Winterbourne, the co-chair from the British side.

“Our country is confidently advancing along the path of cardinal reforms, the number of new investors in our market is increasing, but we understand that many foreign companies are still waiting for the moment - they are looking at what will happen next. Once again, on behalf of the government, I want to firmly state that reforms in Uzbekistan are irreversible. They will continue on very confidently and effectively,” Elyor Ganiyev said at the meeting of the UBTIC.

During the plenary session, the parties discussed practical measures the development of trade and investment between the UK and Uzbekistan, cooperation in the field of health, education and tourism.

Following the first day of the Uzbek-British Council for Trade and Industry, a Memorandum of Understanding was signed by both parties.

UBTIC is a trade promotion body which was established under a bilateral agreement in 1994. It is an annual forum for the promotion and development of trade and investment relations between Uzbekistan and the United Kingdom and is jointly chaired by representatives from both countries.

It supports and assists UK and Uzbek businesses currently operating or investing in either country and alternates between Tashkent and London.