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Source: Ministry of Economic Development (Russia) – An important disclaimer is located at the bottom of this article.

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A meeting of representatives of the regions of Russia and Uzbekistan was held via video conferencing under the joint chairmanship of Deputy Minister of Economic Development of the Russian Federation Dmitry Volvach and Deputy Minister of Investment, Industry and Trade of the Republic of Uzbekistan Khurram Teshabayev.

The meeting took place within the framework of the work of the subcommittee on trade, economic, investment, interregional cooperation under the Intergovernmental Commission on Economic Cooperation between Russia and Uzbekistan. The parties discussed issues on the bilateral agenda, the development of interregional and intermunicipal cooperation, and reviewed the progress of preparations for mutual visits of regional delegations.

Representatives of 37 constituent entities of the Russian Federation and 10 regions of the Republic of Uzbekistan spoke about the progress of implementation of joint projects, planned visits and further measures to develop cooperation. By the end of 2024, 44 constituent entities of the Russian Federation have planned 88 visits to Uzbekistan. Representatives of 13 regions of Uzbekistan, in turn, will conduct 36 visits to Russian regions.

“My colleagues and I met in order to “synchronize watches” on the preparation of visits of regional delegations of our countries and the implementation of interregional projects,” noted Dmitry Volvach. – From the upcoming visits, we will be able to extract maximum benefit for the development of the entire complex of Russian-Uzbek relations, fill them with specific agreements and projects, in order to ensure an increase in the volume of trade between our countries to 1.8 trillion rubles by 2030. I would like to note that at the end of 2023, mutual trade turnover amounted to 822.8 billion rubles.”

Khurram Teshabayev noted the positive dynamics of trade turnover between Russia and Uzbekistan – an increase of 20% in the first two months of 2024 compared to the same period last year.

Minister of the Moscow Government – Head of the Department of External Economic and International Relations of the City of Moscow Sergei Cheremin spoke about the development of cooperation between the municipalities of the two countries and preparations for the “Moscow Days in Tashkent” – one of the key events aimed at developing partnerships between the two capitals.

The Republic of Kalmykia, for example, proposed that the Ministry of Ecology, Environmental Protection and Climate Change of Uzbekistan carry out joint work on environmental protection. The range of interests includes projects in the field of combating desertification, climate change and adaptation to natural conditions.

“It is noteworthy that within our format we are seeing the development of new areas of interregional cooperation,” emphasized Dmitry Volvach. “I am confident that the principles of sustainable development will be reflected in the agenda of upcoming mutual visits.”

The Ryazan region regularly holds major international events aimed at strengthening practical cooperation and presenting the potential of local enterprises. As part of the upcoming International Business Days in the Ryazan Region, it is planned to hold a round table with Uzbek partners on current issues on the bilateral agenda.

Khabarovsk Territory is interested in building up mutually beneficial partnerships with Uzbek colleagues. During the meeting, the Russian region presented its rapidly developing export potential, including in the field of high-tech products and audiovisual content.

Bashkortostan is actively entering the market of Uzbekistan. In the coming months, representatives of 70 Bashkir enterprises will visit the regions of Uzbekistan.

The parties separately discussed the prospects for attracting regional businesses to work at the sites of SEZs, SEZs and technology parks. The Novosibirsk company will soon launch production of medical equipment in Chirchik. “I personally plan to attend the opening,” noted Khurram Teshabayev.

“We are actively developing investment cooperation with partners from Uzbekistan,” concluded Dmitry Volvach. – In total, 115 investment and interregional projects with Russian participation are being implemented in the republic for a total amount of 2.6 trillion rubles in the automotive, mechanical engineering, aircraft manufacturing, chemical industry, pharmaceuticals, oil and gas sector, energy, and digital technologies. Of these projects, 19 are already at the operational stage. 53 projects are on the investment stage.”

Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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