TASHKENT, Uzbekistan, September 27. Uzbekistan and Egypt have initiated negotiations to establish a joint chamber of commerce, Trend reports.
This was announced during a meeting between the representatives of the Uzbekistan Chamber of Commerce and Industry, the Uztextileprom Association, and the First Deputy Minister of Foreign Affairs of Egypt.
During the meeting, the sides noted that the main objectives of the chamber will be to develop trade relations, attract foreign direct investment, and promote cooperation in the textile industry, tourism, leather production, and pharmaceuticals.
Additionally, the participants discussed opportunities for joint projects aimed at enhancing the export potential of both countries and introducing modern technologies into key sectors of the economy.
Earlier, Uzbekistan and Egypt agreed to increase practical implementation of joint investment initiatives and increase the volume of mutual trade.
The issue was reviewed at a G2B format meeting, where Uzbekistan’s Ministry of Investment, Industry, and Trade rubbed elbows with the bigwigs of major Egyptian companies.