A series of events dedicated to strengthening trade, economic and investment cooperation between Uzbekistan and Latvia took place in Tashkent

On March 5, a series of events dedicated to strengthening trade, economic and investment cooperation between Uzbekistan and Latvia took place in Tashkent, the press service of the MIIT reports. As part of the Latvian delegation’s visit, negotiations were held between the Minister of Investment, Industry and Trade of the Republic of Uzbekistan Laziz Kudratov and the Minister of Transport of Latvia Atis Švinka. The program also included the 9th meeting of the Uzbekistan-Latvia Intergovernmental Commission and the Uzbekistan-Latvia Business Forum with the participation of government agencies and business representatives from both countries.

The parties discussed the current state and future prospects of cooperation, development of industrial cooperation, expansion of transport and logistics corridors between Central Asia and the European Union, as well as collaboration in digital technologies, agriculture and education. Bilateral trade reached $273.2 million in 2025, and both sides confirmed their intention to increase it to $500 million in the medium term.

Following the events, a Memorandum on restoring the activities of the Uzbekistan-Latvia and Latvia-Uzbekistan Business Cooperation Councils and an Action Plan to strengthen economic cooperation were signed. B2B meetings were also held, resulting in agreements to develop joint projects in logistics, industry, agriculture and the digital economy.