Uzbekistan-Belarus: Investment and Industrial Cooperation

During talks with Deputy Prime Minister of Belarus Yuri Shuleyko, the parties noted that mutual trade reached $965 million last year. Uzbekistan has 250 enterprises with Belarusian capital, while 110 enterprises with Uzbek capital operate in Belarus. They discussed a Cooperation Roadmap and the 3rd Interregional Forum to be held on July 6-8 in Minsk. The focus was on establishing livestock breeding clusters in Belarus, as well as cooperation in the light, food, furniture & chemical industries, and construction materials.

The Minister also discussed with major companies the localization of pharmaceuticals and the creation of research-and-production clusters in Uzbekistan. In the food industry, the parties reviewed dairy, confectionery and baby food projects. Plans were also outlined with the garment and woodworking sectors to produce clothing, furniture, polymers, packaging and construction materials.

As a result of the visit, agreements were reached on new investment projects aimed at attracting capital, transferring technologies and creating jobs in Uzbekistan.