Uzbek president receives Russian Deputy PM Dmitry Kozak

Uzbek president receives Russian Deputy PM Dmitry Kozak

Tashkent, Uzbekistan, Nov.27
By Demir Azizov- Trend:

Uzbek President Islam Karimov has received Russian Deputy Prime Minister Dmitry Kozak who has arrived in Tashkent to take part at the meeting of the Uzbek-Russian intergovernmental commission on economic cooperation, Uzbekistan's national news agency (UzA) reported.

During the meeting, Karimov expressed satisfaction with the current level of trade and economic relations between the two countries and said that Uzbekistan stands for the active development and diversification of the vectors of investment and trade cooperation with Russia.

The priority aspect of the bilateral relations is the further expansion of the mutually beneficial trade and economic, as well as investment relations. In this regard, Russia is traditionally the important partner of Uzbekistan.

The trade turnover between Russia and Uzbekistan exceeded $7 billion as of 2013 and stood at $4.55 billion in the first nine months of 2014.

However, the sides stated that the two countries have potential to even more increase the volume of bilateral trade.

The collaboration in the sphere of transport and transit transportation also plays important role in the expansion of bilateral cooperation.

The 16th meeting of the Uzbek-Russian intergovernmental commission on economic cooperation was held in Tashkent on Nov.26.

The sides said this meeting is an important stage for developing practical measures to expand the bilateral trade and economic relations.

They also analyzed the status and prospects for the bilateral trade and economic relations and determined the barriers that hinder the development of trade between the two countries.

Currently, around 85 firms and companies of Russia have offices in Uzbekistan. Some 512 enterprises with Uzbek share operate in Russia.

Relations between Uzbekistan and Russia successfully develop on the basis of the strategic partnership agreement dated June 16, 2004 and the treaty on allied relations dated Nov.14, 2005.

Edited by CN

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