Ob­sta­cles Re­moved!

Uzbekistan Today (English) - - WORLD -

“It’s time to work by rolling up our sleeves,” “$ 5 bil­lion is an in­ter­me­di­ate fig­ure, the vol­ume of bi­lat­eral trade should reach $ 10 bil­lion, but it is not the limit!” State­ments like these re­flected the spirit of the Uzbek-Rus­sian busi­ness fo­rum that took place in Tashkent with the par­tic­i­pa­tion of the Min­is­ter of In­dus­try and Trade of the Rus­sian Fed­er­a­tion De­nis Man­turov, the Min­is­ter of For­eign Trade of Uzbek­istan Elyor Ganiev and the head of Uzbek­istan’s State Com­mit­tee for In­vest­ments, Azim Agzamkhod­jaev.

The key­note of the event - the ex­pan­sion of trade and eco­nomic co­op­er­a­tion - is very sim­i­lar to the re­cently held busi­ness meet­ings of rep­re­sen­ta­tives of Uzbek com­pa­nies and their col­leagues from Kaza­khstan, Kyr­gyzs­tan, Turkey and other part­ner coun­tries. The only dif­fer­ence is that the Rus­sian Fed­er­a­tion steadily takes the po­si­tion of the ma­jor for­eign trade part­ner of the Re­pub­lic of Uzbek­istan.

There­fore, it is quite log­i­cal that the strate­gic part­ners strive for mu­tu­ally ben­e­fi­cial co­op­er­a­tion, which was clearly ex­pressed in the speech of the Min­is­ter of In­dus­try and Trade of the Rus­sian Fed­er­a­tion De­nis Man­turov. He highly ap­pre­ci­ated the on­go­ing eco­nomic re­forms in Uzbek­istan, and ex­pressed readi­ness of Rus­sian in­dus­tri­al­ists to use the op­por­tu­ni­ties pro­vided for suc­cess­ful busi­ness ac­tiv­i­ties. He noted in par­tic­u­lar that the Rus­sian side is will­ing to en­hance the range of sup­plies in such a way that there is no con­flict of in­ter­ests with Uzbek pro­duc­ers. In par­tic­u­lar, for phar­ma­ceu­ti­cals, it can be anti-tu­ber­cu­lo­sis, an­tivi­ral and an­ti­tu­mor drugs, in medicine - goods for peo­ple with dis­abil­i­ties. In the en­gi­neer­ing in­dus­tries, the Rus­sian com­pa­nies are ready to sup­ply the most com­pet­i­tive mod­els of agri­cul­tural and road con­struc­tion equip­ment.

As another strate­gic di­rec­tion of devel­op­ment D.Man­turov con­sid­ers co­op­er­a­tion in the frame­work of ma­jor in­fra­struc­ture and in­dus­trial trans­for­ma­tions of the man­u­fac­tur­ing sec­tor of Uzbek­istan. “Now the coun­try with the par­tic­i­pa­tion of Rus­sian com­pa­nies is al­ready im­ple­ment­ing a num­ber of projects to mod­ern­ize gen­er­at­ing ca­pac­i­ties in the elec­tric power in­dus­try, to sup­ply equip­ment and ma­chin­ery for the oil and gas and min­ing in­dus­tries. We can also as­sist in en­sur­ing the trans­fer of ce­ment plants to a ‘dry’ mode of pro­duc­tion - such a de­ci­sion was made by the Pres­i­dent of Uzbek­istan. We have a num­ber of con­crete pro­pos­als on new projects in these ar­eas. I sug­gest that in­ter­ested com­pa­nies work­ing on them take into ac­count that the Rus­sian side can pro­vide not only the sup­ply of pro­duc­tion as­sets, but also full en­gi­neer­ing sup­port for these projects,” the min­is­ter said.

Hith­erto, a se­ri­ous ob­sta­cle to co­op­er­a­tion, ac­cord­ing to Man­turov, was “the ab­sence of an of­fi­cial con­ver­sion of the na­tional cur­rency, and that pre­vented the man­u­fac­tur­ers from plan­ning to pur­chase vol­umes and cal­cu­late the econ­omy. The de­cree on the free con­ver­sion of cur­ren­cies signed by the Pres­i­dent of Uzbek­istan will re­move all these prob­lems.”

De­spite the in­crease in the vol­ume of trade, the par­tic­i­pants in the meet­ing spoke in fa­vor of find­ing new di­rec­tions for its fur­ther growth. The fo­cus was on the cre­ation of new in­dus­tries in Rus­sia and Uzbek­istan in such ar­eas as au­to­mo­tive, ma­chine tool con­struc­tion and agri­cul­tural ma­chin­ery.

In 2016, the trade turnover be­tween Uzbek­istan and the Rus­sian Fed­er­a­tion amounted to just over

$ 4 bil­lion, and in Jan­uary-Au­gust 2017 the vol­ume of mu­tual trade ex­ceeded $ 3 bil­lion.

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