Saturday, 17, November, 2018

Economy

On December 26, Tashkent hosted the second meeting of the Joint Trade, Transport and Energy Commission between Uzbekistan and Afghanistan. The meeting was chaired by the Uzbek Foreign Economic Relations, Investments and Trade Minister, Elyor Ganiev and senior adviser to Afghan President, Humayun Kayumi.

Pakistan and Uzbekistan need to make efforts to enhance cooperation in the economic and commercial fields and fully exploit the huge potential for mutual trade Prime Minister Nawaz Sharif emphasized.

The Kazakhstan Ambassador to Uzbekistan, Erik Utembayev on Dec 23 announced that Uzbek and Kazakh authorities are working on simplification of border crossing procedure, Turkistan Press IA said.

Uzbek Export Corporation and KASB Group have signed agreements to set up the Uzbek-Pakistani Trade House, aimed at introducing technologically advanced agricultural equipment in Pakistan, as the country struggles to enhance per-acre yield due to application of obsolete technology, The Express Tribune reported.

The official foundation stone laying ceremony for the new glass production and deep processing unit, to be built by the Chinese Minyuan Sylu, took place on December 16 at Jizzakh free economic zone, Xinhua said.

A large government delegation of Uzbekistan, led by Deputy Prime Minister, Rustam Azimov, is expected to arrive in Dushanbe on December 26 for participation in the session of the Tajik-Uzbek intergovernmental commission for trade and economic cooperation.

Chinese Zhuhai Singyes Green Building Technology won the tender for the construction of solar photovoltaic plant in Samarkand region of Uzbekistan - the first in Central Asia.

UzbekEnergo announced that the consortium including the South Korean Hyundai Engineering and Hyundai Engineering & Construction won the tender for the modernization of Takhiatash Thermal Power Plant (TPP).

A trade in textiles protocol will be added to an existing EU-Uzbekistan partnership agreement after it was approved by members of the International Trade Committee of the European Parliament on Thursday.

The Uzbek Senate at its Tuesday plenary meeting approved the 2017 state budget with a 1% of GDP deficit or 2.4 trillion soums ($750 million).