Representatives of authority and business discussed the prospects of cooperation with the Republic of Uzbekistan

On August 22, in the framework of the X International Forum of Technological Development TECHNOPROM 2023 the session about trade and economic cooperation between Novosibirsk region and the Republic of Uzbekistan was organized.

The session was attended by the Minister of Industry, Trade and Entrepreneurship Development of the Novosibirsk Region Andrey Goncharov, the Head of the International Relations Department of the Administration of the Governor of the Novosibirsk Region and the Government of the Novosibirsk Region Igor Konshin, the Consul General of the Republic of Uzbekistan in Novosibirsk Timur Rakhmanov and the  President of the Novosibirsk City Chamber of Commerce and Industry and Yuri Bernadsky.

During the panel session «Uzbekistan — Prospects for Development of Trade and Economic Cooperation» Timur Rakhmanov provided information about economic reforms being carried out in Uzbekistan, as well as opportunities for doing business, including in the field of innovative technologies.

Andrey Goncharov spoke about the prospects of cooperation with the Republic of Uzbekistan, a strategic partner of Russia. Relations between Russia and the republic go back decades. Russian companies supply Uzbekistan with medical products, industrial equipment, exports in other sectors are growing. This allows us to talk about the development of mutually beneficial business relations between the countries. Cultural exchange is also planned in the near future — troupes of Novosibirsk theaters are going on tour to Uzbekistan.

Yuri Bernadsky emphasized that the trade turnover of the Novosibirsk region with the Republic of Uzbekistan by the end of 2022 increased by 17.3% to 2021, exports by 3.4% more than last year, imports increased by 39.1%.

Imports from the Republic of Uzbekistan are represented by textile products (chemical fibers, knitwear, clothing items) — 63.5%, food products (vegetables, fruits, nuts, coffee, tea, products of animal origin) — 28.7%.

The Russian-Uzbek Business Council has long been successfully working to expand trade, economic, investment and cultural cooperation between Russia and Uzbekistan.

Uzbekistan’s special economic zones provide Russian investors with a whole range of tax benefits and preferences. That is why there are more than 2000 enterprises with Russian capital in Uzbekistan, and 21% of all investments in the economy of the republic are of Russian origin.