(MENAFN- Trend News Agency)
BAKU, Azerbaijan, May 7. Uzbekistan and
Turkmenistan considered new ways to establish industrial
cooperation, Trend reports via the Uzbek Ministry of Investment and Foreign Trade.
In this regard, Deputy Prime Minister - Minister of Investments
and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov
held a meeting with the Minister of Industry and Construction
Production of Turkmenistan Baymyrat Annamamedov.
During the meeting, measures were discussed to intensify
industrial cooperation and create complete value chains with the
involvement of production facilities located in the territories of
the two countries.
Proposals were put forward to expand cooperation in the field of
industry in new promising areas, identified on the basis of the
competitive advantages of the economies of Uzbekistan and
Turkmenistan.
Mechanisms for strengthening interregional cooperation were
considered. The parties agreed to strengthen the coordination of
the administrations of the regions of the two countries in order to
develop new industrial cooperation projects and trade
contracts.
During the talks, an exchange of views took place on topical
issues of bilateral cooperation. The parties emphasized tangible
growth in the indicators of economic partnership between the two
countries.
Over the past 4 years, the volume of Uzbek-Turkmen trade has
increased 5 times, and in 2021, the growth of mutual trade amounted
to 65 percent compared to the previous year.
In addition, 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.
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