Tashkent holds UBTIC session
Tashkent, Uzbekistan, Nov. 17
By Demir Azizov– Trend:
The 23rd session of the Uzbek-British Trade and Industry Council (UBTIC) was held in Tashkent, Uzbekistan November 17, the UK embassy in Uzbekistan said.
The embassy said that the UK delegation at the meeting was headed by Barbara Hay, UBTIC co-chairperson.
The Uzbek delegation included the representatives of various sectors of the Uzbek economy, Elyor Ganiev, minister of foreign economic relations, investments and trade, the embassy said.
According to the embassy, the meeting participants discussed the development of the social-economic sphere in Uzbekistan and the UK, potential investment projects in various sectors of the country, as well as the opportunity of the UK companies’ participation in those projects.
The embassy added that the members of the UK delegation updated their Uzbek colleagues about the opportunities that may be available with the support of the UK’s export credit agency.
The representatives of the UK companies, who arrived in Tashkent, held presentations about the products and services which they would like to deliver to the Uzbek market, the embassy said.
According to the embassy, during the meeting, the Uzbek delegation updated its UK’s colleagues about the business and economic situation in the country, as well as the potential of developing the bilateral trade and economic relations in various spheres, including oil and gas, chemical, pharmaceutical, energy, food industries and others.
The embassy added that the Uzbek representatives highlighted the potential of developing the bilateral trade, especially in oil and gas, energy, mining, pharmaceutics, education and tourism.
The Uzbek delegation also updated the representatives of more than 30 UK companies about Uzbekistan’s investment potential and the latest developments as part of the privatization program, the embassy said.
According to the Uzbek and UK experts, at present, there is the positive dynamics of bilateral cooperation. Over 40 UK delegations have recently visited Uzbekistan.
The mutual trade turnover between Uzbekistan and the UK amounted to $105.7 million in 2015.
UBTIC was established within the intergovernmental agreement in 1994. UBTIC is a forum used by the Uzbek and UK governments to strengthen bilateral trade and economic ties.