02 June 2022

Uzbek-Tajik Business Forum was held in Tashkent

In Tashkent, on the eve of the visit of the President of the Republic of Tajikistan to the Republic of Uzbekistan, the Uzbek-Tajik Business Forum was held, which gathered on its site more than 200 representatives of the official and business circles of the two countries.

The forum was opened by Deputy Prime Minister – Minister of Investment and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov and First Deputy Prime Minister of the Republic of Tajikistan Davlatali Said.

During the speeches, the heads of delegations of the two countries noted the significant potential for expanding economic partnership, creating joint high-tech industries, establishing cooperative ties for the production of demanded products and the development of promising markets and called on representatives of the Uzbek and Tajik business communities to actively and successfully cooperate, while emphasizing the readiness of the governments of the two countries to provide any necessary support in the implementation of joint projects.

It was announced that in order to intensify mutual trade and stimulate the development of industrial cooperation, in the near future it is planned to create a border trade and industrial zone “Uzbekistan – Tajikistan” in the area of the checkpoints “Oybek” and “Fotechobod,” where production facilities, logistics centers and the necessary infrastructure will be located.

It was also announced the intentions of the two countries to intensify work on further deepening industrial cooperation in such areas as light industry, the production of agricultural products and building materials, pharmaceuticals, electrical engineering, mining and energy. In this vein, the capabilities of the Uzbek-Tajik Investment Company, created in 2021, as an effective tool to support private sector projects, were emphasized.

During the Forum, it was also told about joint projects and initiatives in the fields of transport, logistics and interregional cooperation.

Also on the sidelines of the event, targeted meetings of participants in the format “B2G” and “B2B” took place. Following the forum, 75 trade and economic documents worth $ 1,062,6 million were signed.