BAKU, Azerbaijan, June 30. Uzbekistan and
Belarus agreed to deepen economic and industrial cooperation during
a visit by Uzbek Minister of Investments, Industry and Trade, with
the two sides outlining new investment projects and plans to expand
bilateral trade.
This was reflected in the statement published by the Ministry of
Investment, Industry and Trade of Uzbekistan following the visit of
Uzbek Minister of Investments, Industry and Trade Laziz Kudratov to
Minsk on June 29.
Kudratov held talks with Belarusian Deputy Prime Minister Yuri
Shuleyko, focusing on strengthening economic ties, increasing
industrial cooperation and preparing for the third
Uzbekistan-Belarus Interregional Forum, scheduled to take place in
Minsk on July 6-8.
According to the Uzbek government, bilateral trade totaled $965
million in 2025. Belarus currently hosts 250 enterprises with Uzbek
capital, while 110 companies with Belarusian capital operate in
Uzbekistan.
The officials discussed a bilateral cooperation roadmap and
explored opportunities to expand collaboration across several
sectors, including pharmaceuticals, food processing, textiles,
woodworking, furniture manufacturing, polymers, packaging materials
and construction materials. Plans were also reviewed for
establishing livestock breeding clusters and
research-and-production facilities.
Kudratov separately met with executives from major Belarusian
companies to discuss the localization of pharmaceutical production
and the creation of research and manufacturing clusters in
Uzbekistan. The two sides also examined potential joint projects in
the dairy, confectionery and baby food industries.
"The visit focused on identifying practical projects that will
strengthen industrial cooperation, promote technology transfer and
attract new investment," the Ministry of Investments, Industry and
Trade said in a statement.
The meetings concluded with agreements to move forward on a
number of new investment initiatives aimed at increasing production
capacity, creating jobs and expanding long-term economic
cooperation between the two countries.
