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Russia, Uzbekistan to create joint venture on light commercial vehicles production

Business Materials 16 October 2020 11:27 (UTC +04:00)

BAKU, Azerbaijan, Oct. 16

By Klavdiya Romakayeva - Trend:

Russia and Uzbekistan agreed to establish a joint venture in Uzbekistan for the production of light commercial vehicles, Trend reports referring to press service of Ministry of Economic Development of Russia.

The 21st meeting of the Intergovernmental Commission on Economic Cooperation between Russia and Uzbekistan took place.

The event was chaired by the Minister of Economic Development of the Russian Federation Maxim Reshetnikov and Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov.

Russia and Uzbekistan have achieved results in the development of key areas of cooperation. In particular, agreements were reached by the GAZ Group on the creation of a joint venture in Uzbekistan for the production of light commercial vehicles.

Russian Tatneft plans to create the production of rubber products and equipment for oil refineries on the basis of Birinchi Rezinotekhnika Zavodi LLC, as well as a network of gas stations (plans include the creation of 22 stations).

In the field of agriculture, a roadmap is being implemented, which defines specific steps for further cooperation in the medium term. Some 22 temporary storage warehouses operating in Russia contribute to the accelerated quarantine phytosanitary control during the supply of fruits and vegetables from Uzbekistan to Russia.

It is also planned to partner states in the implementation of investment projects in light industry, mechanical engineering, and the production of renewable energy.

In order to ensure full traceability of goods, Rosselkhoznadzor (Federal Service for Veterinary and Phytosanitary Surveillance) is developing a draft protocol on the transition to the integration of information systems in the field of plant quarantine and the integration of information systems of Uzbekistan and VetIs Rosselkhozanadzor system.

In addition, the tax services of the two countries are successfully implementing an action plan within the framework of providing technical assistance to Uzbekistan in 2019-2020. Nine stages of work have already been completed, and by the end of 2020, it is planned to complete two more stages.

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Follow the author on Twitter: @romakayeva

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