Uzbekistan and Russia are vowing to set up a joint strategic development center, TASS said referring to the Deputy Minister of Economic Development of Russia Dmitry Volvach. In particular in 2024, it is planned to launch a new platform for the introduction of SMEs development practices.
The official announced the new initiative at the meeting of the Uzbekistan-Russia business councils in Kazan. According to him, the opening of such a center would facilitate the development of bilateral investment and trade ties.
"I think that in the near future, perhaps within the framework of the intergovernmental commission, we will sign documents and a memorandum that will allow us to form this center, legalize it and put it into use next year (2024)." - said Volvach.
The Russian government has a practice of creating such centers with other countries, the deputy minister said. They serve as project offices to "implement best investment practices for the development of small and medium-sized businesses."
A meeting of business councils took place as part of the Uzbekistan-Russia interprovincial cooperation forum. At the event, Volvach also spoke about the plans to launch the production of the Atom electric car owned by Tatarstan's Kama company in Uzbekistan.
