Uzbekistan, Tatarstan mull investment possibilities
By Kamila Aliyeva
Tashkent hosted an Uzbekistan – Tatarstan business forum within the framework of the visit of the head of Tatarstan of the Russian Federation, Rustam Minnikhanov, this week.
The event was attended by the heads of ministries, departments
and companies responsible for such spheres as foreign economic
relations, trade, investment, fuel and energy, automotive industry,
construction, chemical, light industry, medicine, pharmaceuticals,
transport and transport communications, logistics, information
technologies and tourism according to the Uzbek Foreign
Ministry.
Uzbek Deputy Prime Minister Gulomzhon Ibragimov, Minnikhanov and
others noted that the agreements concluded during the meetings of
the Uzbek president and his Russian counterpart serve as an
important legal basis for the development of cooperation in all
areas, including trade, economic and investment partnership.
Representatives of about 50 companies of Tatarstan were informed on
priority areas of attracting investments into the economy of
Uzbekistan, its potential in such spheres as oil and gas industry,
tourism, pharmaceuticals, construction materials industry, ongoing
reforms, favorable investment climate, measures for development of
small business and private entrepreneurship.
The participants discussed the possibilities of implementing
investment projects in the oil and gas, engineering, textile and
pharmaceutical industries, science and agriculture, including free
economic zones of Uzbekistan.
The sides further exchanged views on the development of
partnership between the companies, implementation of new joint
programs and projects.
An agreement on cooperation between the chambers of commerce and
industry of Uzbekistan and the Republic of Tatarstan as well as
documents related to the development of tourism, cooperation in
information, communication, medical and pharmaceutical spheres were
signed.
The mutual trade turnover between Uzbekistan and Tatarstan amounted to $14 million in the first quarter of 2017. Tatarstan exported goods worth $11.9 million to Uzbekistan, while the latter exported goods for $2 million in the same period of time.
Uzbekistan mainly imports KamAZ trucks, automobile and agricultural tires, food products, household chemicals, polyethylene, wood, oil and gas equipment from Tatarstan.
Tatarstan is supplied with agricultural products, food products, cars, light industry products, wool from Uzbekistan.
As of January 1, 2013, 93 enterprises with the participation of Uzbek capital were registered in Tatarstan.
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Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva
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