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Uzbekistan, Hungary strike deal on investment projects in agriculture

Uzbekistan Materials 18 February 2021 13:41 (UTC +04:00)
Uzbekistan, Hungary strike deal on investment projects in agriculture

BAKU, Azerbaijan, Feb. 18

By Klavdiya Romakayeva - Trend:

Uzbekistan and Hungary signed a number of bilateral agreements on the implementation of 12 investment projects in various regions of Uzbekistan in the fields of poultry, fish farming, livestock and food industry, Trend reports citing the Ministry of Investments and Foreign Trade of Uzbekistan.

The mentioned agreements were signed during the Uzbek-Hungarian business forum held in Budapest (Hungary), which was attended by a number of representatives of the business circles of the two countries.

Also, G2B and B2B meetings were also organized between the heads of ministries, departments, industry associations and leading companies of Uzbekistan and Hungary, where the participants were able to substantively discuss the creation of joint ventures and the conclusion of mutually beneficial trade agreements.

It is reported that further joint development of 76 new promising investment projects was agreed upon. It was noted that Uzbek and Hungarian sides have already identified partners for 26 projects, and substantive negotiations are underway.

In addition, an agreement on cooperation between the Export Promotion Agency and the Hungarian Trade Development Agency, an agreement on cooperation between the Association of Private Tourism Organizations of Uzbekistan and the Association of Hungarian Travel Agencies and Tour Operators of Hungary to increase the volume of mutual tourist flows have been signed.

Moreover, cooperation agreements between the Export Promotion Agency and the Hungarian Trade Development Agency, the Association of Private Tourism Organizations of Uzbekistan and the Association of Hungarian Travel Agencies and Tour Operators of Hungary to increase the volume of mutual tourist flows were signed during the forum.

Also, the Agency for the Development of the Pharmaceutical Industry of Uzbekistan and the Pharmacological Cluster of Hungary to improve the education system in the field of pharmaceuticals signed the cooperation agreement.

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Follow the author on Twitter: @romakayeva

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