A delegation from the Czech Republic led by the Minister of Industry and Trade Jozef Síkela visits Uzbekistan.

A meeting was held with the Minister of Investment, Industry and Trade Laziz Kudratov. The guests took part in the 9th meeting of the Intergovernmental Commission on Economic, Industrial, Scientific and Technical Cooperation between Uzbekistan and the Czech Republic. An Uzbekistan – Czech Business Forum was held.

It was noted that relations between Uzbekistan and the Czech Republic are developing from year to year, and cooperation is entering a new stage. The parties considered the further expansion of mutually beneficial partnerships, the full use of the great potential of countries, the implementation of promising projects, and the intensification of contacts.

As noted at the forum, almost 50 joint ventures with the participation of Czech capital operate in Uzbekistan. Since the beginning of this year, the trade turnover has increased 2.6 times. The Czech Republic is one of the most important partners of Uzbekistan in Europe. In recent years, economic and investment relations have been especially strengthened. In 2022, the trade turnover amounted to $184.8 million, including exports - $30.5 million and imports of $154.2 million.

“We are glad to meet again with representatives of the business community of Uzbekistan and conduct an open and sincere dialogue”, says Jozef Síkela. – Such events will strengthen bilateral relations further and bring trade and economic partnership to a new level. Great efforts are now being made in Central Asia to develop the economy and improve the region’s position in the world through the effective use of national resources. We consider Uzbekistan one of the most reliable partners. We exchanged views on investment, sustainable development, and mutually beneficial cooperation at the meeting. This will be very useful for our countries and people.

At the forum, detailed information was provided about the opportunities created in Uzbekistan, natural resources, large-scale reforms in the banking and financial sector, and insurance.

B2B meetings were held with the participation of representatives of the business circles of the two countries. The experience of Czech companies in doing business in Uzbekistan was presented. Issues of creating new joint ventures and developing investment projects were discussed.

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Guzal Sattorova, photos by Muhammad Amin, UzA