Sunday, 19, August, 2018

Economy

The value of Uzbekistan's foreign trade amounted to US$7.9 billion in January-March 2018, with exports at US$4.1 billion and imports – US$3.8 billion, and foreign trade balance at US$249.4 million.

To spur trade connectivity between the Central Asian and Baltic markets, the United States Agency for International Development is conducting a horticulture trade mission and study tour to Latvia and Lithuania during the week of April 9-14, 2018. The visit began with an opening ceremony on April 9, in Riga, Latvia.

Afghanistan will supply its products to China through Uzbekistan and Kyrgyzstan via Tashkent-Andijan-Osh-Irkeshtam-Kashgar transport corridor. Agreements on this were achieved during the talks in Tashkent with the Afghan Minister of Transport Mohammad Hamid Tahmasi.

President of Uzbekistan by his April 6 decree created Balik Ishlab Chiqaruvchi (transl. Firsh farming) free economic zone (FEZ) for fish farming in the Kuyichirchik district of the Tashkent province.

Uzbekistan resumed gas supplies to Tajikistan, suspended in 2012, through the Muzrabad-Dushanbe main gas pipeline, Akhborot 24 reported on Saturday.

To fulfill the commitments, promised by Uzbek officials to the President of Afghanistan Mohammad Ashraf Ghani regarding cooperation in the field of Communications and Information technologies at the Tashkent Conference on Afghanistan, the Communications and Information Technology minister of Afghanistan Shahzad Aryobee met with the minister of Telecommunications and Information Technology of Uzbekistan. Azim Akhmedkhadjaev, while Afghan and Uzbek Telecom officials were also present, on Monday, April 2, 2018.

The first power block of the Turakurgan Combined Cycle Power Plant Project will be commissioned in December 2019, UzA said, while the phase II will be put into operation in March 2020. The cost of the project is estimated at US$ 1.195 billion.

Hyundai Engineering & Construction Co., one of South Korea's leading builders, said Tuesday that it has won a US$540 million order to build a power plant in Uzbekistan, Yonhapnew said.

Tajikistan resumed power supply to Uzbekistan as of Sunday, Khovar reported. The transmission line from the Rehar substation in Tajikistan energized the Gulcha substation (Uzbekistan).

Central Asia's biggest military power, Uzbekistan has offered India a unique proposal, giving its territory to set up a defence manufacturing unit which could allow Delhi to make strategic inroads in the resource-rich region, Indian Economic Times said. The proposal is still in its nascent stages even as India plans to export defence equipment to Uzbekistan, officials familiar with the issue indicated to ET.