TASHKENT, Uzbekistan, September 13. Uzbekistan and Egypt agreed to increase practical implementation of joint investment initiatives and increase the volume of mutual trade, Trend reports.
The issue was put under the microscope at a G2B format meeting, where Uzbekistan’s Ministry of Investment, Industry, and Trade rubbed elbows with the bigwigs of major Egyptian companies.
During the event, the representatives of Egyptian business circles were presented with opportunities created in Uzbekistan for foreign investors, including tax and customs privileges and preferences, infrastructure, and legislative protection of entrepreneurs' interests. The prospects of participation in the state privatization program and project initiatives in priority sectors of the economy on the basis of PPP were also presented.
The representatives of Egypt highly appreciated the results of reforms implemented in Uzbekistan in recent years to improve the investment climate and expressed interest in implementing projects in agriculture, pharmaceuticals, food production, transport, energy, and water sectors.
Earlier, Uzbekistan signed an agreement on opening a distribution center and trading house for its companies' products in Egypt.
The document was signed during a meeting between Uzbekistan's Chamber of Commerce and Industry and the Egyptian El-Nasr Export and Import Company.