The 26th meeting of the Intergovernmental Russian-Uzbek Commission on Economic Cooperation was held in Tashkent

First Deputy Prime Minister of Russia Denis Manturov and Deputy Prime Minister of the Republic of Uzbekistan Jamshid Khodjaev chaired the 26th meeting of the Intergovernmental Russian-Uzbek Commission on Economic Cooperation, the CIS Internet Portal reports.

Trade turnover between Russia and Uzbekistan increased by more than 5% in 2024, exceeding $10 billion. In the first nine months of this year, mutual trade volume grew by another 8%. Both exports and imports are showing positive dynamics.

“Investment cooperation between our countries is developing in an equally positive direction. You have already outlined the key figures today. We expect that the investment project portfolio, which currently totals approximately $55 billion, will be fully implemented. Over 3,000 enterprises with Russian participation operate in the republic – this represents approximately 20% of all foreign-owned companies operating in Uzbekistan,” Denis Manturov noted.

Russia’s First Deputy Prime Minister spoke about strengthening industrial cooperation with Uzbekistan, both through mutual industrial supply and through the localization of Russian enterprises in Uzbekistan.

“The number of resident companies in our joint industrial parks is growing. In Chirchik and Jizzakh, there are now more than 30 of them, from around the world,” Denis Manturov emphasized.

Russia and Uzbekistan are actively developing energy cooperation in several areas: supplies of Russian energy resources, and the implementation of projects in geological exploration, mining, and hydropower. In October of this year, work began on a nuclear power plant construction project at a site in the Jizzakh region.

“Russian electronic trading platforms are making a significant contribution to the development of trade and economic cooperation.” In particular, last year, the volume of Uzbek-made products sold through Wildberries’ platform amounted to $605 million. This makes our marketplace the largest distribution network for Uzbek goods. The company plans to build the largest logistics center in the republic, covering 100,000 square meters. Investments are estimated at over 11 billion rubles, and approximately 7,500 new jobs will be created. The phased commissioning of the warehouse complex is planned for the end of next year,” the First Deputy Prime Minister said.

The development of cultural and humanitarian ties and the holding of joint congress and exhibition events contribute to strengthening comprehensive cooperation between Russia and Uzbekistan. Priorities include increasing reciprocal tourist trips. Speaking about cooperation in education, the First Deputy Prime Minister noted that more than 56,000 Uzbek citizens are studying at Russian universities and their branches in the republic.

Following the event, the IPC co-chairs The protocol of the 26th meeting of the intergovernmental commission was signed, as well as a roadmap for strengthening interregional cooperation between the two countries for 2025–2030. Furthermore, in the presence of Denis Manturov and Jamshid Khodjaev, a Memorandum of Understanding was signed between JSC SME Corporation and the Agency for the Development of Light Industry of Uzbekistan.

The First Deputy Prime Minister of Russia and the Deputy Prime Minister of the Republic of Uzbekistan participated in the plenary session of the Russia-Uzbekistan Business Forum, which was held on the sidelines of the commission meeting. More than 50 representatives of the business community from various sectors, from industry and energy to logistics and digital technologies, attended the forum on the Russian side.