On February 7, Tashkent hosted a series of events aimed at enhancing Uzbek-Mongolian trade, economic, and investment cooperation.
The agenda was preceded by a bilateral meeting between the heads of delegations from the two countries: Deputy Prime Minister Zhamshid Khodjaev representing Uzbekistan and Vice Prime Minister Sainbuyan Amarsaikhan, a member of the Great State Khural and the Government, representing Mongolia.
The parties discussed current state and future prospects of partnership between the two countries, as well as target benchmarks for mutual trade, investment attraction, and industrial cooperation.
Trade turnover between Uzbekistan and Mongolia increased by nearly 50% last year, and this positive trend has remained consistently strong in the current year.
Mongolian companies are currently undertaking projects in the fields of cattle breeding, geology, finance, and medicine in various regions of Uzbekistan.
Having identified priority areas for further collaboration, the parties continued their work during the first session of the Intergovernmental Commission between Uzbekistan and Mongolia, focusing on the development of trade and economic cooperation.
The day’s agenda continued with a business forum and the inaugural meeting of the business council, featuring the participation of over 150 leaders from major companies in both countries.
During the business forum, the potential of Uzbekistan’s regions and economic sectors was showcased, along with specific investment initiatives and projects aimed at developing mining, agriculture, tourism, energy, and other industries.
As a result, the protocol from the first meeting of the Uzbek-Mongolian Intergovernmental Joint Commission was signed, along with several bilateral agreements, including one in the field of education between Tashkent State Agrarian University and the Mongolian University of Life Sciences.
