Deputy Prime Minister – Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov held talks with the Minister of Commerce and Industry of India Piyush Goyal, via videoconference.

According to Uzbekistan MIFT, the parties discussed the current state and prospects for the development of bilateral investment, trade and economic cooperation, the expansion of interregional interaction, the progress of joint projects and issues related to the organization of bilateral events.

The issues of organizing a visit to Delhi of a working group led by the leadership of the MIFT to hold meetings with relevant ministries, government agencies and private companies of India to discuss issues of cooperation and develop practical proposals and initiatives, as well as develop a program of economic cooperation between Uzbekistan and India were considered.

Issues related to holding the 13th meeting of Uzbekistan – Indian Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation at the beginning of 2022, as well as the organization of the participation of heads of regions of Uzbekistan in the 10th Vibrant Gujarat Global Summit in January 2022 were discussed.

The parties discussed the practical aspects of creating Uzbekistan – Indian Joint Working Group on trade and economic issues and holding its first meeting to systematize tasks related to the economic partnership between Uzbekistan and India, and develop rational proposals for their accelerated solution.

Measures to accelerate the development of the credit line of the Export-Import Bank of India for $448 million, allocated for the implementation of several infrastructure and social projects in Uzbekistan were also considered.

UzA