UzA English

29.08.2018 22:39:21

CCI: Uzbekistan and Tatarstan develop cooperation in the banking sector

On August 29, the Chamber of Commerce and Industry of Uzbekistan held a meeting with representatives of the joint-stock commercial bank Ak Bars of the Republic of Tatarstan (Russian Federation) and the banking sector of the Republic of Uzbekistan, as well as the export-import insurance company Uzbekinvest.

It should be noted that the agreement to hold this roundtable with representatives of the banking sector of the Republic of Uzbekistan was reached on April 26, 2018 during the international industrial exhibition “Expo-Russia” Uzbekistan.

Joint-stock bank Ak Bars is successfully operating in Uzbekistan and has an agreement on cooperation with the National Export-Import Insurance Company Uzbekinvest.

As reported by the Press Service of the Chamber of Commerce and Industry of Uzbekistan, representatives of Ak Bars Bank noted that cooperation with Uzbekistan’s banks on trade finance plays an important role in developing foreign economic activity of Uzbekistan and Russia. Within the framework of the meeting, commercial banks of Uzbekistan expressed readiness for cooperation with Ak Bars Bank in the field of servicing foreign trade contracts of exporting companies and importers.

Over the years, Uzbekistan – Russia cooperation has been raised to the level of strategic partnership. Trade and economic relations have an important place in Uzbekistan – Russia relations. Major investment projects are being implemented in Uzbekistan with participation of leading companies and banks of Russia in the oil and gas, petrochemical, food industries, metallurgy, machine building, electrical engineering, pharmaceuticals, agriculture and other industries. Practical cooperation between regions and business circles of the two countries is expanding.