BAKU, Azerbaijan, November 3. Uzbekistan and
Germany have discussed increasing bilateral trade turnover from
$1.4 billion to $2 billion and expanding investment and industrial
cooperation at a meeting in Tashkent on November 2.
According to the Uzbekistan's Ministry of Investment, Industry
and Trade, the issues were discussed during a meeting between
Uzbekistan’s Minister of Investment, Industry and Trade Laziz
Kudratov and German Ambassador to Uzbekistan Matthias Follert.
The parties reviewed opportunities to strengthen trade and
economic ties, expand industrial cooperation and implement joint
projects. Particular attention was paid to developing partnerships
with leading German companies. Currently, 253 companies with German
capital are operating in Uzbekistan.
Additionally, the meeting focused on preparations for an
upcoming visit to Uzbekistan by a delegation from the Eastern
Committee of the German Economy, as well as the 18th meeting of the
Intergovernmental Working Group on Trade and Investment, scheduled
to take place in Berlin.
The discussions come as Uzbekistan seeks to expand its economic
engagement with Germany, attract additional German investment and
strengthen industrial partnerships. Cooperation with German
businesses is expected to support joint projects and broaden
commercial ties between the two countries.
Following the meeting, both sides reaffirmed their interest in
deepening practical cooperation and strengthening business
relations.
