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Economy 09/12/2020 Uzbekistan and Kyrgyzstan to create an investment fund with an authorized capital of US$50 million
Uzbekistan and Kyrgyzstan to create an investment fund with an authorized capital of US$50 million

Tashkent, Uzbekistan (UzDaily.com) -- A bilateral meeting of the Acting Prime Minister, First Deputy Prime Minister of the Kyrgyz Republic Artyom Novikov with Deputy Prime Minister, Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov was held in the city of Ferghana. This was reported in the apparatus of the government of the Kyrgyz Republic.

During the talks, the parties discussed the entire spectrum of trade and economic cooperation between the two countries.

In particular, it was decided to consider a set of issues on the implementation of joint investment projects and industrial cooperation projects until 25 December 2020, with the definition of specific measures, directions and conditions for joint interaction.

The issues of the development of the transport industry, including international transport, were considered to expand the geography of exports of both countries and their entry into new markets.

The parties discussed the development of joint trade and logistics and wholesale distribution infrastructure in the territory of the two countries.

Also, within the framework of the previously signed Agreement on Financial Cooperation, it was decided to create a Kyrgyz-Uzbek Investment Fund with an authorized capital of US$50 million and create a working group for cooperation in the customs sphere.

In conclusion, an agreement was reached on signing a Roadmap to expand and deepen bilateral cooperation.

 

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