Austria Reveals Growing Business Prospects In Uzbekistan As Exports Increase (Exclusive)
Date
12/13/2024 12:09:31 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, December 13. Austria's
exports to Uzbekistan have experienced a notable surge, increasing
by 21 percent in 2023, amounting to 131.8 million euros, a source
from the Austrian federal Ministry for European and International
Affairs told Trend .
"This growth highlights the strengthening of economic ties
between the two countries. The majority of Austrian exports to
Uzbekistan are machinery of all kinds, followed by measuring
instruments, Pharmaceutical products, plastics, processed goods,
and other finished goods," the source noted.
According to the source, the Austrian businesses have been
especially active in healthcare and agricultural processing,
capitalizing on the Uzbek market's demand for technological
advancements and infrastructure improvement.
"Moreover, Austria's commitment to supporting small and
medium-sized enterprises (SMEs) in Uzbekistan is underscored by the
credit facilities being provided to Uzbek banks. This move aims to
facilitate business development and expand trade relations,
fostering a sustainable economic partnership between the two
countries," the representative of the Austrian Federal Ministry for
European and International Affairs emphasized.
The source added that with continued growth in trade and new
opportunities emerging in sectors such as energy and energy
efficiency, the future of Austrian-Uzbek economic relations looks
promising.
MENAFN13122024000187011040ID1108988740
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.