President of Uzbekistan Shavkat Mirziyoyev and President of Mongolia Ukhnaagiin Khurelsukh held a joint meeting with representatives of the business circles of the two countries, the press service of the head of our state reports.
The event was attended by executives of leading Mongolian companies such as MCS Investment, Mongol Basalt, Tavan Bogd Group, Asia Pharma, Khanbogd Cashmere, Erdenezoo Trans, ICT Group, ORDGEO, LBH Technology, NCD Group, Mega Wood, Modern Nomads and many others.
The Uzbek side was represented by private companies Basalt Uzbekistan, BMB Holding, New Way Industries, Panaev Farms, Ezel Central Asia, Azia Metall Prof, Jizzakh Zhun, Procab and others.
It should be noted that this format of meetings, aimed at strengthening business ties between business communities, is being held with the Mongolian side for the first time.
The President of Uzbekistan, having sincerely welcomed the representative delegation of leading Mongolian business circles and their Uzbek partners, once again emphasized the special importance of the first state visit of the President of Mongolia to Uzbekistan in the history of bilateral cooperation for the development of multifaceted relations.
– This once again confirms your decisive attitude and special attention paid to establishing and strengthening trade and economic ties with Uzbekistan, – noted the President of our country.
It was emphasized that during the meaningful and constructive negotiations, all aspects of bilateral interaction were examined in detail, existing reserves were analyzed and new points of growth for the partnership were identified.
– We emphasized that we practically do not use the existing potential and opportunities. In this regard, we have set the task of increasing the volume of mutual trade tenfold in the coming years, primarily by expanding the range and volumes of mutual supplies of popular products, – the head of Uzbekistan noted.
We are talking about exporting food, fertilizers, medicines, household appliances, plastics and rubber, building materials, finished textiles and shoes to Mongolia, as well as increasing the supply of meat and meat products, leather, wool and other finished products in the opposite direction.
The opening of trading houses in Mongolia and Uzbekistan and the holding of industrial exhibitions in the capitals of the two countries have been announced in the near future.
An additional impetus will be the agreement reached on the preparation of an Agreement on Preferential Trade in Certain Types of Goods and proposals to facilitate market access.
The head of our state paid special attention to the development of industrial cooperation with Mongolian companies.
An agreement was noted on the adoption of a medium-term cooperation program, primarily in sectors where our economies can effectively complement each other.
This is, first of all, the establishment of a partnership in the field of geological exploration, development and processing of rich raw materials.
In this strategic area, specific proposals will be prepared in the near future to begin the implementation of the first large projects.
Uzbekistan also intends to develop comprehensive cooperation with Mongolia in agriculture and related industries. Plans for the creation of livestock complexes in Karakalpakstan, Namangan region and other regions of our country were supported.
In addition, mutual interest was expressed in organizing the import of livestock, meat and processed products from Mongolia and the supply in the opposite direction of poultry meat, fresh and processed fruits and vegetables and other goods.
As part of interaction in this direction, the intention was expressed to develop joint clusters for the production of meat products of the Halal standard, the production of finished products with high added value based on the deep processing of wool and leather.
The parties confirmed their readiness to actively support private business initiatives of entrepreneurs.
In this context, new proposals from business circles in various industries were supported, including the opening of a diagnostic center in Tashkent, basalt processing, projects in light industry, digitalization, pharmaceuticals and other industries.
It was emphasized that in order to support industrial cooperation projects, basic agreements on the mutual protection of investments and taxation principles will be adopted by the end of the year.
Leaders welcomed the establishment of a joint Business Council. Plans are outlined to hold its first meeting in the near future to generate new business initiatives.
During the visit, agreements on air services and international road transport were signed, which creates a good basis for establishing direct air communications between the countries and intensifying business exchanges.
Transport ministers have been instructed to prepare proposals to reduce the cost of transporting goods.
The head of our state separately noted the large-scale reforms being carried out in Uzbekistan aimed at innovative development of the economy, ensuring the rule of law and the inviolability of private property, supporting entrepreneurs, as well as intensifying the process of accession to the WTO.
President Shavkat Mirziyoyev assured representatives of the Mongolian business community of his readiness to create the necessary conditions for comfortable activities in our country.
In turn, President of Mongolia Ukhnaagiin Khurelsukh, highly appreciating the agreements reached and the conditions created in Uzbekistan for investors and entrepreneurs, called on business representatives to actively interact and reach specific agreements on new projects.
During the exchange of views, representatives of Mongolian business highly appreciated the practical significance of the reforms being carried out in Uzbekistan, creating a comfortable investment and business climate in the country.
In this context, specific proposals were made for the implementation of joint projects in priority sectors of the economy.