The German-Uzbekistan joint business forum has started in Berlin

Today, on May 2, on the eve of the visit of the President of Uzbekistan Shavkat Mirziyoyev to the Federal Republic of Germany, a joint business forum has started in Berlin, "Daryo" correspondent reports. The leaders of more than 250 large companies, holding and industrial enterprises, banks, ministries, offices and industrial associations of the two countries are participating in the forum. In his welcome speech, Deputy Prime Minister of Uzbekistan Jamshid Khojayev emphasized that the bilateral relations between Uzbekistan and Germany have been actively developing in recent years, and this was achieved due to the trust and political will of the leaders of the two countries. There has been an increase in the volume of mutual trade between the two countries, which has doubled in the last 5 years. By the end of 2022, bilateral trade figures have increased by another 50 percent and exceeded 1 billion euros for the first time. Consistent dynamics are observed in investment cooperation and industrial cooperation. The number of enterprises established in Uzbekistan with the participation of German capital has increased almost 3 times in a few years and has exceeded 200. Since 2017, the total amount of German investments has increased 11 times and today amounts to more than 4 billion euros. Many German companies, such as MAN, CLAAS, Knauf, GP Papenburg, Viyessmann, Deutsche Kabel, LEMKEN, are already active and very successful in Uzbekistan and are launching new production facilities. The attention of the German business circles was focused on the conditions created for the comfortable work of foreign investors in our country, the strong points of the economy of Uzbekistan. In particular, personnel potential, strategic geographical location of our country, free trade regimes with the CIS countries, GSP+ beneficiary status, active work on membership in the World Trade Organization, rich raw materials, and joint projects of the leadership and government of our country. expressed readiness to directly support the implementation of initiatives. The energy, chemical, food and textile industry, metallurgy, automobile industry, agriculture, building materials production, electrical engineering, as well as pharmaceutical and healthcare industries are the most promising ways to establish long-term cooperation. were proposed as directions. German business representatives highly appreciated the effect of the economic reforms implemented in Uzbekistan, including the creation of favorable working conditions for foreign investors. It was stated that they have firm intentions to increase cooperation and develop new joint projects.