Turkmenistan and Uzbekistan intend to strengthen industrial cooperation

Turkmenistan and Uzbekistan intend to strengthen industrial cooperation

During the meeting of the Minister of Industry and Construction Production of Turkmenistan Baymyrat Annamamedov with the Deputy Prime Minister, Minister of Investments and Foreign Trade of the Republic of Uzbekistan, Sardor Umurzakov, measures to intensify industrial cooperation were discussed.

As reported on the website mift.uz, during the negotiations, the creation of complete value chains with the involvement of production facilities, located in the territories of the two countries was considered. Proposals were put forward to expand cooperation in the field of industry in new promising areas based on the competitive advantages of the economies of Uzbekistan and Turkmenistan.

Also, mechanisms for strengthening interregional cooperation were considered. The parties agreed to strengthen the coordination of the administrations of the regions of the two countries to create new industrial cooperation projects and trade contracts.

Mutual readiness was expressed to organize visits of delegations of ministries and departments of Uzbekistan and Turkmenistan to exchange experience in the field of food security, said the source.

Let us remind you, that recently the volume of trade between the countries has increased 5 times. The growth of mutual trade amounted to 65% in 2021 compared to the previous year.

A number of trade contracts, signed as a result of high-level events, held in September 2021 are at the stage of practical implementation.

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