Prospects for Uzbek-Kyrgyz multifaceted cooperation were discussed

On October 12 this year, Deputy Prime Minister – Minister of Investments and Foreign Trade of the Republic of Uzbekistan Jamshid Khodjaev met with the Ambassador Extraordinary and Plenipotentiary of the Kyrgyz Republic to the Republic of Uzbekistan Musa Dzhamanbaev.

During the conversation, the current state and prospects for the development of multifaceted Uzbek-Kyrgyz cooperation were considered.

An exchange of views took place on the organization of the visit of the Government delegation of Uzbekistan to develop new promising joint projects of industrial cooperation, conclude trade contracts, hold the 10th meeting of the Joint Intergovernmental Commission on Bilateral Cooperation and a business forum with the involvement of the heads of regions of the two countries in Bishkek.

The prospects for increasing investment cooperation are considered. Today, 291 enterprises with Kyrgyz capital operate in Uzbekistan. The parties expressed their readiness to increase the number of joint projects in the territories of the two countries in the production of finished textile, pharmaceutical, construction, and agricultural products. In this context, an agreement was reached on the development of a program for trade and economic cooperation and the development of industrial cooperation
for 2022-2025, as well as the Agreement on the organization of production of agricultural machinery and cars and the Agreement on cooperation in the field of circulation of medicines
and medical products.

The parties discussed the activities of the Uzbek-Kyrgyz Development Fund, which has already begun financing a project in the field of urban transport in the amount of $1.85 million. An agreement was reached to work out financing for a project to create a spinning enterprise and jointly implement a project for the primary processing of travertine in Kyrgyzstan with the involvement of the Fund.

Topical issues of implementing major joint projects in the field of hydropower and transport and logistics were considered separately.

Following the conversation, mutual commitment was expressed to continue joint work with the aim of successful interaction within the discussed areas of cooperation.