Uzbekistan intends to impel commercial and investment cooperation with the UK

Trainings and workshops will be organized in Uzbekistan to enlist British investors to create export-oriented joint ventures, as well as for Uzbek entrepreneurs to take advantage of the GSP Enhanced Framework.

In pursuance with the press service of the Ministry of Investment and Foreign Trade, yesterday, on June 7, Deputy Prime Minister of the Republic of Uzbekistan Sardor Umurzakov received Mike Freer, Deputy Secretary of State for International Trade (Minister of Export).

Reportedly, the British delegation included representatives of the London Stock Exchange and financial corporations Standard Chartered and TheCityUk.

During the meeting, it was concented to attract British investors to create export-oriented joint production facilities in Uzbekistan, as well as to organize trainings and workshops for Uzbek producers and exporters on the effective use of the benefits of the GSP Enhanced Framework.

It was noted that it was agreed to attract British investors to create export-oriented joint production facilities in Uzbekistan, as well as to organize trainings and workshops for Uzbek producers and exporters on the effective use of the benefits of the GSP Enhanced Framework.

On top pf that, prospects for expanding investment cooperation were taken into consideration. The number of British companies operating in Uzbekistan has encountered a rise by 40% over the past few years. Prospects for cooperation in attracting new British companies to implement projects in the field of agricultural processing, animal husbandry, biopharmaceuticals, textiles, ICT and "green" energy were canvassed.

In this regard, the parties agreed to intensify preparations for the 26th Uzbek-British Trade and Industry Council (UBTIC), which will be held in October this year in Tashkent. The event will intensify ties between the business circles of the two countries, identify new "growth points" of the economic partnership and attract British investment and technology to promising sectors of the Uzbek economy.