BAKU, Azerbaijan, Feb. 10
By Klavdiya Romakayeva - Trend:
Uzbekistan plans to identify additional untapped export tools in agriculture in order to increase the competitiveness of domestic products and strengthen the positions of Uzbek producers in foreign markets, Trend reports citing the Ministry of Investments and Foreign Trade of Uzbekistan (MIFT).
An expanded meeting of the Government Commission on the Development of Export and Investment was held under the leadership of the Deputy Prime Minister of Uzbekistan Sardor Umurzakov. The meeting was dedicated to the priority measures to implement the priority tasks in the areas of investment and foreign trade set in 2021.
It was noted that the country's leadership this year set tasks for using $23 billion of investments, the implementation and commissioning of 226 large and economically significant investment projects with a total value of $6.5 billion, as well as the implementation of more than 7,000 investment projects worth 94.6 trillion soums ($9 billion) within the framework of regional investment programs.
In addition, the issues of foreign trade were considered separately. It was noted that the goal was set to increase the volume of domestic exports in 2021 to $17 billion with a growth of 20 percent in relation to the same indicator last year.
Also, tasks were set to identify additional untapped export reserves and the introduction of advanced technologies in promising areas of agriculture and industry, which will increase the competitiveness of domestic products and strengthen the positions of Uzbek producers in foreign markets.
Furthermore, a number of other issues related to the expansion of international investment and trade and economic cooperation and the implementation of agreements with individual partner countries, projects carried out with the involvement of funds from international financial institutions, attracting investments as part of the program for the privatization of state assets were also considered.
---
Follow the author on Twitter: @romakayeva