Tajikistan and Uzbekistan have agreed to create favorable conditions for each other’s producers.
Deputy Prime Minister of Uzbekistan Sardor Umurzakov, who is also Minister of Investments and Foreign Trade of Uzbekistan, met in Tashkent with Tajik Minister of Economic Development and Trade Zavqi Zavqizoda, the press center of the Ministry of Investments and Foreign Trade of Uzbekistan says.
The meeting took place on the sidelines of a session of the Tajik-Uzbek Joint Commission for Trade and Economic Cooperation that took place in the Uzbek capital on May 14-15.
During the meeting, Umurzakov and Zavqizoda reportedly noted that there is considerable room for expansion of economic ties between the two countries.
The parties underlined the importance of further expansion of cooperation between Uzbekistan and Tajikistan on establishment of new import-substituting industries with the prospect of further export of products to the markets of third countries.
The parties reportedly agreed that the Investment Project Implementation Unit at the Ministry of Investments and Foreign Trade of Uzbekistan jointly with relevant ministries and agencies of Tajikistan will take measures to analyze promising areas for the development of industrial cooperation and development of specific project proposals in this field. .
It was noted during the meeting that over the past four years, the bilateral trade between the two countries has increased more than four times.
As far as the session of the Tajik-Uzbek Joint Commission for Trade and Economic Cooperation that was co-chaired by Tajik Prime Minister Qohir Rasouzloda and his Uzbek counterpart Abdulla Aripov, the parties reportedly discussed issues related to further expansion of bilateral cooperation between the two countries in the fields, of agriculture, energy, investment and transportation. They also discussed ways to increase the bilateral trade to 1 billion U.S. dollars.
The session edned with signing of a protocl reflecting the reached agreements and the priorties of bilateral econmic cooperation.
