Yesterday, Tashkent hosted the Uzbek-Turkmen economic forum, the Uzbek Ministry of Investment Foreign Trade reported. The Turkmen government delegation was headed by the Deputy Prime Minister E. Orazgeldyev, and the Uzbek delegation was headed by the Deputy Prime Minister/Minister of Investments and Foreign Trade S. Umurzakov.
During their speeches, the two heads of the delegations commended the dynamic nature of the Uzbek-Turkmen economic partnership ties. Thus, over the past few years, the two-way trade has tripled and continues to grow steadily. Even despite the negative impact of the pandemic on the economy, in the first 8 months of this year, the volume of mutual trade showed an increase of 25% compared to the same period last year.
The Deputy PM Orazgeldyev stressed that Turkmenistan attaches priority importance to the development of bilateral cooperation in the fields of agriculture and water management, industry, energy, trade, transport and environmental protection.
The Deputy PM Umurzakov underscored the urgency of mobilizing the available resources and capabilities of the economies of the two countries to fully tap the existing potential of bilateral trade, economic and investment cooperation. In this context, the importance of establishing a regular dialogue for effective joint work to create favorable conditions for establishing practical cooperation between the business circles of the two countries was emphasized, bearing in mind the implementation of large investment projects and the conclusion of mutually beneficial trade agreements.
During the forum, presentations were presented, revealing the investment, industrial and trade potential of various industries of the two countries. Also, the event participants had the opportunity to visit the Made in Uzbekistan industry exhibition.
As a result of the forum, a number of investment agreements and trade contracts were signed in the fields of agriculture, chemical, textile, electrical, leather and footwear, food and pharmaceutical industries, winemaking, automotive and construction materials production.