BAKU, Azerbaijan, April 26. Uzbekistan and Russia considered further steps to increase mutual trade turnover, Trend reports via the Uzbek Ministry of Investment and Foreign Trade.
This issue was discussed on the sidelines of the “Innoprom. Central Asia” International Industrial Exhibition between the Deputy Prime Minister - Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov and the Minister of Industry and Trade of the Russian Federation Denis Manturov.
During the meeting, an agreement was reached to study the structure of mutual trade in order to identify specific commodity items that are promising in terms of increasing mutual deliveries of products that are in demand in the markets of both countries.
Mutual readiness for interaction to remove existing trade barriers and create favorable conditions for enhancing bilateral trade was indicated.
In addition, opportunities for deepening industrial cooperation and building interconnected value chains in high-tech and investment-intensive industries such as metallurgy, energy, engineering, production of specialized transport, agricultural and road construction equipment, chemical, pharmaceutical, and IT sectors were studied.
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