Uzbekistan - Germany: high dynamics and broad prospects of bilateral cooperation
26/02/2021 19:45
Uzbekistan - Germany: high dynamics and broad prospects of bilateral cooperation
26/02/2021 19:45
Tashkent, Uzbekistan (UzDaily.com) - On 26 February this year, Deputy Prime Minister - Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov met with the Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to the Republic of Uzbekistan Gunter Overfeld.
During the meeting, topical issues of the current agenda of trade, economic and investment cooperation, as well as ways of its further expansion were discussed.
There were positive trends observed in the economic relations between the two countries, expressed in specific figures - for example, in 2020 the volume of utilized German investments increased by 25%, exceeding the US$700 million mark, and exports to Germany increased by 17%.
Moreover, the high interest of the government and business circles of Germany to expand cooperation with Uzbekistan by searching and identifying new promising areas of partnership was emphasized. In this context, an understanding was reached of the relevance of holding joint events aimed at bringing the business circles of the two countries closer together, in connection with which the issue of organizing a virtual round table with the participation of leading German companies in cooperation with the Eastern Committee of the German Economy was agreed. The purpose of the event will be to discuss opportunities for the implementation of new investment projects and the conclusion of mutually beneficial trade contracts.
In addition, agreements were reached on a number of organizational issues related to the holding of the "Days of the Economy of Uzbekistan" in Bavaria and "Days of the Economy of Bavaria" in Uzbekistan, as well as the 5th meeting of the Uzbek-German Business Council.
Mechanisms for building up and diversifying Uzbek-German trade took a special place on the agenda. In the general opinion of the parties, a tangible impetus to this will be given due to Uzbekistan’s joining the portal of German importers "Import Promotion Desk", Uzbekistan receiving the status of a beneficiary of the European Union General System of Preferences "GSP +" and joining the Republic to the World Trade Organization (WTO). The head of the diplomatic mission voiced the commitment of the Government of the Federal Republic of Germany to provide comprehensive support to Uzbekistan in the successful implementation of these initiatives.
An agreement was also reached to organize a video conference with the participation of large German textile brands and Uzbek manufacturers, with the aim of promoting domestic products to the German market, as well as building stable cooperation ties.
In addition, issues of financial and technical cooperation were touched upon: the parties expressed mutual interest in the effective implementation of previously agreed projects carried out at the expense of attracted grants and loans from the Government of Germany.
The foreign side showed high interest in the project of construction of the Mazar-i-Sharif - Kabul - Peshawar railway - during the dialogue the possibilities of cooperation in this direction were discussed, in particular, by attracting German experts and consultants to the development of project documentation.
Following the meeting, an agreement was reached on maintaining close and regular interaction in order to promote issues of trade, economic and investment cooperation.
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