The next meeting of the Uzbek-British Trade and Industry Council (UBTIC) started in London

On November 28 of this year, the 27th meeting of the Uzbek-British Trade and Industry Council (UBTIC) began its work in London, chaired by the Deputy Minister of Investment, Industry and Trade of the Republic of Uzbekistan Badriddin Abidov and the Deputy Secretary of State of the British Parliament, Minister of Export Malcolm Offord, PR center of MIIT reports.

The dialogue was attended by heads of key ministries and departments, industry associations, banks, as well as diplomatic missions, in total over 100 representatives of the business community and officials of the two countries.

During their speeches, the heads of delegations noted the dynamic, steadily growing nature of the bilateral partnership. Trade turnover between the two countries has more than doubled over the past 5 years, and at the end of 10 months of this year amounted to $315 million. There are 273 enterprises with British capital operating in Uzbekistan, including 162 joint ventures and 111 enterprises with 100% British capital.

In this context, proposals to expand the range of exports of Uzbek products to the UK, as well as deepen investment cooperation, were considered and supported.

The event also included panel sessions on the issues of attracting and using finance, education, textile industry, transport, digital technologies and business process outsourcing.

According to the forum participants, the British Trade and Industry Council has become an effective platform for deepening interaction and cooperation between the two countries.

As a result of the event, a joint “Road Map” was signed for the further expansion of Uzbek-British economic, trade and investment relations, as well as a number of agreements and memorandums on the practical implementation of agreements reached on the sidelines of the meeting.