German companies have good opportunities to take part in Uzbekistan's construction sector
BAKU, Azerbaijan, Feb. 27
By Ilkin Seyfaddini – Trend:
The whole economy of Uzbekistan is of great interest for German companies, Regional Director for Central Asia with the German Eastern Business Association (OAOEV), Eduard Kinsbruner told Trend in an interview.
In December of 2019, OAOEV announced about program development, to promote Uzbek industrial products on the German market, including the introduction of German quality standards at the relevant enterprises of Uzbekistan and the certification of manufactured industrial goods in Germany.
"We see good opportunities for German companies to become involved, particularly in the construction and infrastructure, agriculture and food, tourism, logistics and the chemical industry," the official said.
"The declared aim of the Uzbek government is to increase exports, diversify its structure and reduce dependence on raw materials. To this end, the framework conditions have been improved in recent years and a competent department, the Ministry of Investment and Foreign Trade, has been created," the official stated.
Kinsbruner added that in the area of component supply, Uzbek companies have an underestimated potential that German companies could also make greater use of.
"Strengthening Uzbek exports would lead to the creation of new jobs, a reduction in youth unemployment and political stabilization," Kinsbruner said.
The German Eastern Business Association (OAOEV) is the major regional initiative of the German economy for 29 countries in Eastern Europe and Central Asia. The OAOEV supports its members in their projects, arranges contacts and answers questions about market entry. OAOEV works, in close cooperation with the German government and the governments of the partner countries, to reduce trade barriers and improve economic conditions in the region.
The OAOEV was founded in May 2018 through the merging of the Eastern Committee (founded in 1952) and the Eastern Europe Business Association of Germany (founded in 1989).
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