Issues of mutually beneficial economic cooperation were discussed in Malaysia

Ambassador Ravshan Usmanov and Erwan bin Mohd Tahir, Chairman of Hextar Global Group, held talks in Kuala Lumpur on the development of mutually beneficial trade and economic cooperation, the correspondent of “Dunyo” news agency reports.

Hextar Global Group was established in 1985 to develop agriculture in Malaysia. The company is the largest producer of agrochemicals in Malaysia. Also refers to an international conglomerate of 25 companies. This association specializes in the production of agricultural chemical fertilizers, chemical products, the construction of solar power plants, sanitary and hygienic protective equipment, fiber-optic cables for 5G networks, and the cultivation of technical hemp.

During the meeting, the Malaysian side was informed about the Development Strategy of New Uzbekistan for 2022-2026, ongoing reforms to accelerate the development of the national economy and ensure high growth rates, ongoing measures to support private business, which is the engine of the modern economy. It was noted that opportunities for doing business for foreign investors have been created in our country. Also, the participants of the meeting were familiarized in detail with the process of constitutional reforms carried out in Uzbekistan.

During the conversation, the head of the Malaysian company, Erwan bin Mohd Tohir, noted positive economic changes in Uzbekistan. He also noted that the Malaysian company is interested in cooperation with representatives of the business community of our country, and the convenient geographical position of Uzbekistan in this area serves as a unique hub for exports to neighboring countries. Interest was expressed in the implementation of joint investment projects within the framework of mutual cooperation.

As a result of the meeting, agreements were reached on the implementation of joint investment projects in the field of renewable energy sources, chemical products and agriculture in cooperation with a Malaysian company, as well as the export of chemical fertilizers from our country to Malaysia.