President of the Republic of Uzbekistan Islam Karimov met with Russia’s Deputy Prime Minister Dmitry Kozak on November 26 at the Oqsaroy.

President of the Republic of Uzbekistan Islam Karimov met with Russia’s Deputy Prime Minister Dmitry Kozak on November 26 at the Oqsaroy.

During what has been a circumstantial conversation, the Uzbek leader expressed satisfaction with the current state of trade and economic relations between the two nations and pointed out that Uzbekistan stands for dynamic advancement and diversification of investment and commerce interaction with Russia.

President Islam Karimov said he appreciated the outcomes of the sixteenth session of the intergovernmental commission for economic cooperation between the Republic of Uzbekistan and the Russian Fedreation.

Further enhancement of mutually advantageous trade-economic and investment ties is considered a priority aspect of the bilateral relations. Russia traditionally is Uzbekistan’s important partner in this sphere. Thus, the trade turnover between our two countries in 2013 exceeded 7 billion US dollars, while in the nine months of the current year it reached 4.55 billion dollars.

It was stressed at the same time that the volume of mutual trade hardly reflects the potential our two nations have.

Interaction in transport and transit shipping is also crucial in the expansion of bilateral cooperation.

Th relations between Uzbekistan and Russia have been developing steadily on the basis of the Strategic Partnership Treaty, signed 16 June 2004, and the Alliance Relationships Agreement, penned 14 November 2005.