Trade between Uzbekistan, Russia increases by 21 pct
By Abdul Kerimkhanov
The trade turnover between Russia and Uzbekistan in 2018 increased by 21 percent to $5.7 billion, said the Ambassador of Uzbekistan to the Russia, Bortizhon Asadov.
"Russia remains the largest trading partner of Uzbekistan. Mutual trade grew by 21 percent and reached $ 5.7 billion at the end of 2018," the ambassador said.
President of Uzbekistan Shavkat Mirziyoyev said in October 2018, that the trade turnover between Russia and Uzbekistan in the coming years could reach $ 10 billion.
Diplomatic relations between Russia and Uzbekistan were established on March 20, 1992.
The Treaty on the Basics of Interstate Relations, Friendship and Cooperation of May 30, 1992, the Treaty on Strategic Partnership of June 16, 2004, and the Treaty of Allied Relations of November 14, 2005, are of fundamental importance.
The main document regulating trade and economic relations between Russia and Uzbekistan is the interstate Agreement on Trade Relations dated November 13, 1992.
The two countries cooperate within the UN, the CIS, the SCO, the OSCE, ESCAP and other international and regional structures.
The structure of Russia's exports to Uzbekistan includes metals and products, wood and pulp and paper products, machinery, equipment and vehicles, food products and agricultural raw materials, mineral products, chemical products.
The structure of imports of Russia from Uzbekistan includes textiles and footwear, chemical products, machinery, food products and agricultural raw materials, metals and products from them.
Uzbekistan is one of Russia's leading economic partners in the post-Soviet space.
These are the Economic Cooperation Program for 2019-2024, the Cultural and Humanitarian Cooperation Program for 2019-2021, the Road Map for the creation of the International Radio Astronomy Observatory Suffa, the Agreement on the establishment and operation of branches of leading universities in Russia in Uzbekistan, the Agreement about cooperation in the textile industry.
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Abdul Kerimkhanov is AzerNews’ staff journalist, follow him on Twitter: @AbdulKerim94
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