Azernews.Az

The Uzbek and Spanish sides mulled expansion of cooperation in the trade, economic and investment spheres, the Chamber of Commerce and Industry (CCI) of Uzbekistan told Trend agency.

Thus, the Uzbek embassy in Madrid hosted the meeting with the Deputy Director of the Association of Entrepreneurs Jose Garcia-Morales.

Garcia-Morales suggested the possibility to organize a presentation of economic and investment potential of Uzbekistan in Madrid in October this year together with the country's Chamber of Commerce, as well as organization of a business forum with the participation of representatives of business circles of the two countries.

He also confirmed the interest of the Spanish side in the development of large-scale cooperation with Uzbekistan, which was mentioned in the Uzbek-Spanish business forum held in April 2014 in Tashkent.

Uzbekistan and Spain enjoy an intergovernmental agreement on encouragement and mutual protection of investments, avoidance of double taxation, preferential treatment in trade and economic relations is established.

There are 12 enterprises with the participation of the Spanish capital in Uzbekistan, including such as "Makham-Chirchiq", "Ammofos-Makham", "Hispantex", "Pantentes Talgo Tashkent", and "Balkan Eksport Import Asia".

Agencies of the three Spanish companies - "Marti & Deba, SL", "Intec Energiya SA" and "Laintex Veterani S.A." have been accredited at the Ministry of Foreign Economic Relations, Investments and Trade of Uzbekistan.