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.
Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva
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