Ministry of Investment, Industry and Trade of the Republic of Uzbekistan

On February 25 of this year, Tashkent hosted a series of events focused on Uzbek-Polish trade, economic, and investment cooperation, featuring representative delegations from both countries.

The delegations from the two countries at the Forum were led by Akram Aliyev, the Deputy Minister of Investment, Industry, and Trade of the Republic of Uzbekistan, on the Uzbek side, and Michal Jaros, the State Secretary of the Ministry of Development and Technology of Poland, on the Polish side.

The agenda was preceded by a business forum that featured the participation of over 150 leaders from major companies in both countries. Notably, the Polish delegation included representatives from JAKUSZ, BIOREX Food Diagnostics, PRONAR, Fabryka Maszyn Elektrycznych DAMEL S.A., Spółdzielnia Mleczarska MLEKOVITA, Bank Gospodarstwa Krajowego (BGK), SKYBONE, HORUS-ENERGIA, TRADE CONNECT GROUP, CLEVER LOGISTICS, ABPLANALP, AMBERITE POLAND, and several other companies.

In his opening speech, Deputy Minister of Investment, Industry, and Trade Akram Aliyev emphasized the importance of enhancing collaboration among business sectors and significantly increasing trade relations through a thorough analysis of regional market potential and transportation and logistics capabilities.

The trade volume between Uzbekistan and Poland has doubled over the past five years, reaching nearly $400 million by the end of last year. Currently, there are 39 companies with Polish investment operating in Uzbekistan. Additionally, it was emphasized that there is significant untapped potential to enhance bilateral trade by leveraging both countries' preferential access to regional markets.

During the business forum, the potential of Uzbekistan's economic sectors was showcased, highlighting specific investment initiatives and project proposals with high net present value indicators. These initiatives spanned various areas, including pharmaceutical production, the food industry, agriculture, tourism, the development of digital technologies, and education.

The conditions established in Uzbekistan to facilitate the comfortable operation of entrepreneurs, safeguard their rights and interests, and highlight the key aspects of the country's investment and industrial potential were also presented.

During the meeting, we thoroughly discussed the current state and future prospects for developing partnership relations between the two countries. We also highlighted target benchmarks for mutual trade, investment attraction, and industrial cooperation.

The forum program included B2B and B2G meetings, allowing entrepreneurs to establish valuable connections, discuss the specifics of collaboratively implementing mutually beneficial projects, and negotiate trade agreements.

In accordance with the program, the parties continued their work within the framework of the meeting of the Intergovernmental Commission between the Republic of Uzbekistan and the Republic of Poland regarding trade and economic cooperation.

During the meeting, reports from the heads of relevant ministries, agencies, and industry associations responsible for implementing existing agreements were presented. Each stage of the projects was analyzed in detail, effective solutions were developed to expedite their successful execution, deadlines were established, and responsible individuals were designated.

As a result, the minutes of the Uzbek-Polish Intergovernmental Joint Commission meeting were signed, along with several bilateral agreements. These include the Memorandum of Understanding between the Agency for Attracting Foreign Investments of the Republic of Uzbekistan and the Polish Investment and Trade Agency, the Agreement on Cooperation between the Chamber of Commerce and Industry of Uzbekistan and the Polish Chamber of Commerce for the establishment of the Uzbek-Polish Business Council, and the Agreement on Cooperation between the Commissioner (Business Ombudsman) for the Protection of Entrepreneurs' Rights of the Republic of Uzbekistan and the Polish Chamber of Commerce regarding the establishment of the Uzbek-Polish Business Council.