The Deputy PM/Minister of Investments and Foreign Trade Sardor Umurzakov hosted the Deputy PM of the Russian Federation Alexei Overchuk Monday.
According to the Ministry of Investments and Foreign Trade, the counterparst reportedly discussed a wide range of trade, economic, investment and transport and logistics cooperation issues.
Speaking about stepping up investment ties, the parties focused on the development of inter-provinces cooperation. It was announced that in preparation for the II Forum of Inter-provinces Cooperation, 42 mutual visits of the leadership of the administrations of various provinces of Uzbekistan and the Russian Federation will be organized in order to prepare solid investment and trade agreements, the ministry added.
The parties noted the relevance of establishing cooperation ties between manufacturers of the two countries, in the context of which the preparation for the Made in Uzbekistan industry exhibition in Moscow, which will become the largest exposition of Uzbek-made products ever held in the Russian Federation.
The parties also considered the progress of the implementation of the agreements reached during the meeting of the Intergovernmental Commission on Economic Cooperation (IGC) held in October 2020 and discussed the preparation for the next IGC meeting.
Following the meeting, a "road map" was signed for the implementation of a memorandum of understanding in the development of logistics corridors. The document outlines the priority measures to create the necessary infrastructure and organize the appropriate logistics service.
In addition, the parties outlined further steps for practical ccoperation within the discussed areas of cooperation and agreed to maintain close contacts at all levels in order to promptly resolve emerging issues.
