Uzbekistan and Germany intend to increase trade turnover to $2 billion
The Ministry of Investments of Uzbekistan and German Ambassador Matthias Veltin discussed investments, industrial cooperation, and the preparation of bilateral events.
Uzbekistan and Germany plan to increase mutual trade turnover from $1.4 billion to $2 billion. This issue was raised at a meeting at the Ministry of Investment, Industry, and Trade of Uzbekistan with German Ambassador Matthias Vollert.
The parties discussed prospects for strengthening trade, economic, and investment partnerships, expanding industrial cooperation, and implementing joint projects. Special attention was paid to developing interaction with leading German companies.
Currently, 253 enterprises with German capital participation operate in Uzbekistan.
The meeting participants also touched upon preparations for the upcoming visit of a delegation from the German Eastern Business Association to Uzbekistan. Another topic was the holding of the 18th meeting of the Intergovernmental Working Group on Trade and Investment, scheduled to take place in Berlin.
Following the talks, the parties reaffirmed their interest in further expanding practical cooperation and strengthening business ties between the two countries.