TASHKENT, Uzbekistan, September 4. Uzbekistan and Russia aim to bring trade turnover volume up to $30 billion, TurkicWorld reports.
The matter was reviewed during an online meeting between Uzbekistan’s Minister of Investment, Industry and Trade Laziz Kudratov and Russia’s Minister of Economic Development Maxim Reshetnikov.
During the meeting the sides noted that trade turnover between both countries grew by 29.1 percent and amounted to $6.8 billion from January through July this year. During this period, the growth of exports to Russia was observed in 175 commodity positions. Exports of 64 new commodity items worth $11.3 million have been established.
The parties presented reports of relevant leaders in the spheres of industry, energy, transport and agriculture, on the current state of implementation of projects and agreements within the framework of the joint action plan to increase mutual trade between Uzbekistan and Russia 2024-2030.
Furthermore, the participants of the meeting discussed the progress in opening a branch of the All-Russian Academy of Foreign Trade in Tashkent and the work of the Expert Center for Strategic Initiatives.
At the end of the meeting, the sides emphasized the commitment to deepen cooperation and continue joint work in all areas of trade development.
Meanwhile, Uzbekistan’s foreign trade turnover volume with Russia amounted to $6.8 billion from January through July 2024. This figure has increased by 30.7 percent year-on-year ($5.2 billion in January–July 2023).
Russia ranked second among the countries with the largest volume of foreign trade turnover in Uzbekistan. The country’s share in the total volume of trade turnover in Uzbekistan accounts for 18.5 percent.
