Uzbekistan, UAE Chambers Of Commerce And Industry Sign Memorandum Of Co-Op
Date
9/28/2024 5:11:55 AM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, September 28. The
Chambers of Commerce and industry of Uzbekistan and the United Arab
Emirates (UAE) signed a memorandum of cooperation, Trend reports.
The document was signed between Chairman of the Chamber of
Commerce and Industry of Uzbekistan Davron Vakhabov and President
of Dubai Chamber of Commerce and Industry Mohammad Ali bin Rashed
Lootah at a forum organized in cooperation between Uzbekistan and
the UAE.
According to the memorandum, cooperation on export of Uzbek
products to the UAE and the Persian Gulf countries has been
established. The sides also agreed to open permanent showrooms and
trading houses in Dubai.
Furthermore, within the framework of the document, the sides
will hold Uzbekistan-UAE business council meeting and business
forum, establish joint ventures in the sphere of agriculture and a
delegation of UAE business circles plans to organize a visit to
Uzbekistan.
These initiatives are aimed at supporting Uzbek producers and
promoting national products in the region with high consumer
demand. This document opens new opportunities for cooperation
between the two countries and creates the necessary conditions for
the realization of mutually beneficial projects.
Meanwhile, the volume of trade turnover between Uzbekistan and
the UAE amounted to $382.5 million from January through July 2024.
This indicator increased by 5.6 percent compared to the same period
last year when the trade turnover amounted to $362.2 million.
Thus, the UAE has become one of the 20 largest trade partners of
Uzbekistan.
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