28 May 2024

Uzbekistan and Russia Aim for $30 Billion Trade as Energy Projects Advance

28 May 2024  by akipress   

The President of Uzbekistan, Shavkat Mirziyoyev, and the President of Russia, Vladimir Putin, held negotiations in Tashkent at the level of delegations, reported.

The discussions focused on further developing and deepening the comprehensive strategic partnership and alliance relations between Uzbekistan and Russia, primarily in political, trade, economic, cultural and humanitarian fields.

The current high level and uniqueness of bilateral relations were highlighted with satisfaction, emphasizing the all-encompassing nature of interstate cooperation.

"Your state visit can rightly be called historic. It marks the beginning of a new phase in the extensive strategic partnership and alliance relations between our countries," said Shavkat Mirziyoyev.

During the talks, the parties agreed to continue active ties at the levels of parliaments, governments, ministries, agencies, regions, the public, experts, and business circles.

The sides also emphasized the need to continue regular political consultations and close cooperation within the framework of international and regional structures such as the UN, CIS, SCO, and other multilateral platforms.

The steady growth of bilateral trade was noted with satisfaction. It has increased 2.5 times over the last 7 years. The parties have agreed to bolster bilateral trade from current $10 billion to $30 billion in the near future.

To facilitate these tasks, a full scale trade representation office of Uzbekistan will be established in Russia.

Rapidly developing cooperation between regions was especially highlighted. Last week, the leaders from all regions of Uzbekistan visited Russia. The first session of the Council of Regions of Uzbekistan and Russia took place.

Key strategic areas, including food security, innovation, digital technologies, artificial intelligence, and migration, were also discussed.

Active exchanges will continue in culture and arts, science, health care, tourism, youth, and sports.

The sides welcomed the agreements reached to open branches of the Bauman Moscow State Technical University and the All-Russian Foreign Trade Academy in Uzbekistan.

During the meeting, short reports of the delegation members and concrete proposals for practical cooperation in various sectors were heard.

Following the negotiations, the state leaders instructed the adoption of "roadmaps" for each direction, anticipating mechanisms of implementation.


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