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Uzbekistan, France expanding trade

21 July 2016

Uzbek enterprises are ready to supply a wide range of high-quality and competitive products to French market, said representatives of Uzbek business circles.

There are textile, chemical, oil and gas products, as well as fresh and processed fruit and vegetables among those products, said Uzbek representatives during the 6th session of the Uzbekistan-France intergovernmental commission on trade and economic cooperation, according to the message of the Uzbek Ministry of Foreign Economic Relations, Investment and Trade.

During the session in Tashkent, French delegation was headed by Matthias Fekl, minister of State for Foreign Trade, the Promotion of Tourism and French Nationals Abroad.

It was noted during the session that relations between the two countries continue to develop dynamically. Trade turnover between Uzbekistan and France increased by 3 percent and totaled $300 million in 2015, and exceeded $145 million in H1 2016.

Meanwhile, the sides attach great importance to the expansion and deepening of mutually beneficial trade and economic, investment, financial and technological cooperation.

In particular, Uzbekistan is interested in purchasing high technologies, modern and reliable French equipment, while France is interested in intensifying cooperation in agriculture and tourism.

On the results of the session, the parties signed an intergovernmental agreement on air traffic between JSC Uzbekistan Temir Yollari (Uzbekistan Railways) and Alstom company on cooperation, as well as a memorandum of intent between the Sanofi company and Uzfarmsanoat on production of vaccines.