UzA English

13.07.2018 23:51

Uzbekistan – Switzerland: the beginning of active phase of economic cooperation

Uzbekistan – Switzerland: the beginning of active phase of economic cooperation
On July 13, at Uzbekistan – Switzerland business forum, members of the delegation of Switzerland led by the Federal Councillor Johann N. Schneider-Ammann, head of the Federal Department of Economic Affairs, Education and Research, met with representatives of ministries, committees, the Chamber of Commerce and Industry, banking and financial institutions, local khokimiyats, and business circles.

There are 84 joint ventures created with participation of Swiss investors in Uzbekistan, 29 of which are fully formed at the expense of foreign investments. The average volume of trade turnover between the two countries is $200 million. Currently, with participation of this country’s investments, 7 joint projects are being implemented in the spheres of economy, finance, education, banking system, entrepreneurship, advanced training of specialists, water supply.

The business forum was attended by the World Bank Vice President for Europe and Central Asia Cyril Muller. He noted that further liberalization of Uzbekistan’s economic policy was carried out over the past 18 months, in particular, changes in the banking and financial systems, taxation, and establishment of free conversion have increased the country’s economic image.

Within the framework of sectional sessions of the forum, representatives of more than 20 large companies of Switzerland were proposed to implement new investment projects in Uzbekistan.

At the forum, attention was paid to the issue of preparing Uzbekistan to join the World Trade Organization. The parties agreed to closely cooperate in the systemic activities of this direction. They also discussed issues of establishment of effective cooperation and bilateral cooperation between the regional bodies of the parties, the exchange of experience with the leading companies of Switzerland, attraction of technical assistance for improving the skills of healthcare professionals, the textile and construction industries.

Following the event, a number of memorandums on mutual cooperation in the spheres of trade, healthcare, light industry, banking and financial system were signed.

Malokhat Khusanova, UzA
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