Uzbekistan and the European Union signed a roadmap for implementing the memorandum of understanding on strategic partnership for sustainable raw material value chains, Trend reports.
The document was signed during the official opening of the 2024 European Economic Days in Tashkent, organized by the European-Uzbek Association for Economic Cooperation (EUROUZ).
At the event, it was noted that nearly 1,000 European-invested companies now operate in Uzbekistan, with optimal conditions created for joint projects across sectors such as electrical engineering, machinery, chemistry, mining and metallurgy, energy, agriculture, textiles, tourism, and more.
The EU confirmed its readiness to advance cooperation in information technology and mining and mineral processing, which will help establish new enterprises, create jobs, and jointly develop new transport and logistics corridors.
The Minister of Investment, Industry, and Trade of Uzbekistan Laziz Kudratov noted key achievements, including over $30 billion in joint projects with EU companies and the participation of 320+ EU representatives at the third Tashkent Investment Forum.
According to the European Commission’s lead spokesperson for foreign affairs and security policy, Peter Stano, currently a new Enhanced Partnership and Cooperation Agreement (EPCA) between the EU and Uzbekistan is being prepared for signature and entry into force.
The agreement covers areas such as political dialogue and reforms, the rule of law, justice, freedom and security, human rights, migration, trade, and economic and sustainable development. It will promote a favorable business and investment environment. It also foresees closer cooperation on foreign policy issues and global challenges such as climate change, corruption, and the fight against terrorism.
CentralasianLIGHT.org
November 11, 2024