BAKU, Azerbaijan, Apr.9
Trend:
Uzbekistan’s Uzavtosanoat, a joint-stock company controlling the local automobile manufacturing enterprises, and the Ministry of Energy and Industry of Kyrgyzstan signed a Memorandum of Cooperation, Trend reports referring to Uzbek media.
Under the memorandum, the parties agreed to cooperate in organizing the production of cars and commercial vehicles in Kyrgyzstan.
The Kyrgyz side highly appreciated the automotive industry of Uzbekistan and the sides expressed mutual interest in exploring the possibility of organizing the production of vehicles in Kyrgyzstan. To this end, it’s planned to set up a joint working group to study technical, financial and other aspects of cooperation.
The implementation of this direction will allow the Kyrgyz side to create new jobs, increase the share of industry in the structure of GDP, enter export markets, and provide the population with cars of international quality.
According to the media, the parties share common interests and goals in the development and expansion of interstate trade relations, including in the automotive industry. To date, Uzavtosanoat company has already exported automotive and commercial equipment to Kyrgyzstan, which has become a reason for interest in strengthening bilateral cooperation and willingness to cooperate in the implementation of a joint project.