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Russia and Uzbekistan Strengthening Trade and Economic Ties

28 August 2019
Россия и Узбекистан укрепляют торгово-экономические связи

Advisor to the Russian President Anton Kobyakov held a meeting with Uzbek Ambassador to Russia Botirjon Asadov in Moscow during which the two officials discussed ways to strengthen trade and economic ties between the countries as well as hold joint business events.

“Uzbekistan ranks fourth in terms of trade with Russia among CIS countries. Trade and economic ties between our countries continue to rapidly develop. Trade turnover is growing steadily, and reached USD 6 billion in 2018. Cumulative Russian investment in the Uzbek economy is approaching USD 9 billion. More than 1,500 enterprises with capital from Russia are registered in Uzbekistan,” Kobyakov said.

“The two countries have a long-term, multifaceted, and mutually beneficial partnership based on the principles of mutual trust, respect, and consideration for each other’s interests. Thanks to personal friendly relations and an active trust-based dialogue between the presidents of our countries – Shavkat Mirziyoyev and Vladimir Putin – our cooperation in recent years has undergone an upsurge that is unprecedented and exceptional in terms of its scale and scope and meets the aspirations and expectations of the peoples of the two countries”, Asadov said.

Kobyakov and Asadov also exchanged views on the prospects of launching a joint Russian-Uzbek project with the possible involvement of the Roscongress Foundation, which would promote business and cultural events in an effort to strengthen trade and economic cooperation, increase the flow of investment in the Uzbek economy, and develop a business dialogue. The Roscongress Foundation would serve as a partner of Uzbekistan on behalf of Russia to host events.

Asadov noted that Uzbekistan attaches particular importance to establishing cooperation with the Roscongress Foundation in order to prepare for and hold major in Uzbekistan.

This year, an Uzbek delegation also plans to take part in the Eastern Economic Forum in Vladivostok on 4–6 September 2019. The Roscongress Foundation is organizing the EEF.