TASHKENT, Uzbekistan, September 7. Belarusian 'Minsk Tractor Works' plant will sell about 500 tractors to Uzbekistan’s TEXAGRO-KLASTER LLC, Trend reports.
The corresponding contract worth $8 million was signed during Belarusian-Uzbek women's business forum.
“I am convinced that the forum will give a new impetus to the development of mutually beneficial relations between Belarus and Uzbekistan”, CEO of Minsk Tractor Works Vitaly Vovk said.
Overall trade turnover between the two countries has been on the steady rise in the last few years. As indicated in the data of Ministry of Investment, Industry and Trade of Uzbekistan, total trade turnover between Belarus and Uzbekistan in 2022 exceeded $530 million, which is 71 percent more than in 2021 ($301.9 million).
The cluster of Tashkent Tractor Plant LLC was launched in January 2023. The total cost of the project amounted to $65 million. The annual production capacity of the plant is 15,000 units of agricultural machinery, with the total value of the produced goods reaching $165 million. It is expected to generate an annual net profit of $16.5 million. The company exports its products to neighboring countries, including Kazakhstan, Kyrgyzstan, Turkmenistan, Tajikistan, and Azerbaijan.