NEWS AND EVENTS
November 27, 2014
Uzbekistan and Russia Discuss Development of Trade-Economic Relations
The Sixteenth session of the intergovernmental commission on economic cooperation between Uzbekistan and Russia was held in Tashkent on 26 November 2014.
First Prime Minister of Uzbekistan Rustam Azimov headed the Uzbek delegation at the session, while Deputy Prime Minister of Russia Dmitry Kozak led the Russian delegation.
During the session, Rustam Azimov underlined that Uzbekistan is carrying out preparation to upcoming visit of the Russian President Vladimir Putin to Uzbekistan, which is scheduled for December 2014. He said that the session of the commission is important step to develop practical measures to expand bilateral trade-economic relations to fill it with concrete and important mutual beneficial measures.
Russia is an important trade partner and despite crisis in world economy, trade relations between two states are at high level, Azimov said. He noted that trade turnover between two states exceeded US$7 billion in 2013 and US$4.5 billion in nine months of 2014. He underlined that compared to 2000, the bilateral trade rose seven times.
Uzbek Vice Prime Minister said that there are about 900 enterprises with Russian capital in such industries as fuel-energy, transport, telecommunication, machinery, electrotechnical, production of construction materials, textile and food industries, services. He said that potential of bilateral trade-economic cooperation is not used fully.
Azimov said that Uzbekistan is ready to consider proposals of the Russian side on supply of goods, first of all equipment and other industrial products, for needs of growing economy of the country.
Dmitry Kozak underlined that Russia is interested in purchase of products of agro-industrial complex of Uzbekistan. He said Russian side submitted proposals of the regions and Ministry of Agriculture of Russia to Uzbek side and two countries should work on formation of large party of such products to supply to Russia. He said the Russian side will create all conditions and preferences for it.
At the session, the sides considered implementation of the decision of the 15th session of the intergovernmental commission, which was held on 15 January 2014 in Moscow, perspectives of trade-economic and investment cooperation, further expanding legal base of cooperation, development of ties in transport, scientific-technical areas, environment protection, etc.
The sides critically analyzed current state and perspectives of trade-economic cooperation and determined barriers, which hinder for further development of bilateral trade.
The Russian side underlined that Uzbekistan hiked excise duties for some Russian goods by 30-50% this year, which resulted in fall of Russian exports of goods, on which excise duty should be paid, to Uzbekistan by 26%.
The Uzbek side also pointed to discrimination measures in relation to exports of automobile, ready textile products to Russia, difficulties of transit of agriculture products and raw materials. Uzbek side underlined that discrimination measures resulted in fall of sales of the Uzbek cars in Russia by 30%.
The Uzbek and Russian side agreed to take into account existing problems and issues during negotiations on agreement on main directions of development of economic cooperation between Russia and Uzbekistan for 2015-2019.
Uzbekistan and Russia pay great attention to development of mutual beneficial cooperation. Russia is largest trade partner of Uzbekistan. In 2013, the bilateral trade made up US$7.056 billion and in nine months of 2014 – US$4.559 billion.
Currently, there are 878 enterprises with Russian investments, of which 727 are joint ventures and 151 are with 100% Russian capital. At the same time, some 512 enterprises with Uzbek capital operate in Russia.