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Uzbekistan expands multifaceted cooperation with Bangladesh

Business Materials 11 May 2020 13:30 (UTC +04:00)
Uzbekistan expands multifaceted cooperation with Bangladesh

BAKU, Azerbaijan, May 11

By Ilkin Seyfaddini - Trend:

Uzbekistan and Bangladesh discussed prospects for expanding multifaceted bilateral cooperation, Trend reports citing the Ministry of Investment and Foreign Trade of Uzbekistan.

Deputy Prime Minister of Uzbekistan Sardor Umurzakov held talks with Advisor to the Prime Minister for Investment, Industry and the Private Sector of Bangladesh Salman Rahman and Minister of Commerce Tipu Munshi and Minister of Textiles Golam Gazi via a videoconference.

The parties identified significant prospects for cooperation in the investment sphere, mainly in the textile and pharmaceutical industries. They discussed opportunities for creating joint textile clusters, as well as attracting leading experts from Bangladesh as consultants on the development of the textile industry in Uzbekistan.

"There is also great potential for industrial cooperation in the pharmaceutical industry; in this area, cooperation between the Agency for the Development of the Pharmaceutical Industry and the Association of the Pharmaceutical Industry of Bangladesh will be strengthened," the ministry said.

The importance of further expanding the range of delivered commodity items demanded in the markets of the two countries in the agricultural, chemical and electrical industries was noted. Taking measures to increase their supplies will significantly increase the volume of mutual trade to a new level.

The parties agreed to intensify the joint elaboration of a number of bilateral documents, including the Agreement on the avoidance of double taxation and the Agreement on cooperation in the field of plant quarantine.

"Special attention was paid to cooperation in the cultural and humanitarian sphere - an agreement was reached on establishing close ties between the Silk Road International University of Tourism in Samarkand and the Jahangir Nagar University in Dhaka," the message said.

The possibilities of cooperation in the field of tourism, in particular in the framework of the pilgrimage “Umrah +” program, as well as the organization of festivals of national culture and art in both countries were also considered.

"Following the talks, it was agreed to create a joint Working Group at the level of deputy heads of foreign economic departments of the two countries to coordinate issues of development of cooperation in the fields of trade, investment and transport in the framework of the indicated areas," the message said.

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