Trade and economic cooperation with the Russian Federation is expanding

On December 2 of this year, the Minister of Investment, Industry and Trade of the Republic of Uzbekistan Laziz Kudratov took part online in the 3rd meeting of the Working Group on increasing trade turnover between the Republic of Uzbekistan and the Russian Federation, the press service of the MIIT reports.

During the meeting, the current state was reviewed in detail and further steps were outlined to accelerate the implementation of existing agreements between Uzbekistan and Russia in the areas of trade, industry, energy, transport and agriculture.

In particular, an increase in trade turnover between the two countries by 20% to $9.7 billion over 10 months of this year was noted. The range of products supplied by Uzbek manufacturers increased by 68 new items.

The parties reviewed in detail the progress of the implementation of the joint Action Plan to increase trade turnover between the Republic of Uzbekistan and the Russian Federation for 2024-2030, the main goal of which is to bring the mutual trade indicator to $30 billion. In this context, the importance of developing a set of measures, including cooperation in the areas of industrial production, transport and the agro-industrial sector, was emphasized.

Following the meeting, the parties confirmed their readiness for further development of multifaceted cooperation and agreed on the dates for holding the next meeting of the Intergovernmental Commission on Economic Cooperation between the Republic of Uzbekistan and the Russian Federation before the end of this year in Moscow.