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18/August/2022   Economic Diplomacy

Uzbekistan, Saudi Arabia strengthen trade and investment cooperation

TASHKENT, August 18. /“Dunyo” IA/. Deputy Prime Minister – Minister of Investments and Foreign Trade of Uzbekistan Jamshid Khodjayev met with the Minister of Commerce of Saudi Arabia Majid bin Abdullah Al Qasabi, in Jeddah, reports “Dunyo” IA correspondent.


According to the Ministry of Investments and Foreign Trade, the parties discussed promising measures to increase the volume of mutual trade, ways to further strengthen investment cooperation, as well as the economic agenda of the visit of the President of Uzbekistan to Saudi Arabia.

A significant increase in bilateral trade since the beginning of this year, mainly due to active mutual supplies of textile products, fruits and vegetables, plastic and metal products, was noted. The parties expressed mutual interest in both increasing the volume of deliveries and expanding the range of shipped commodity items.

Following the meeting, a common position was developed on all issues of mutual interest. Confidence was expressed that the forthcoming high-level visit would give a new impetus to the development of business ties, fill the broad agenda of bilateral relations between Uzbekistan and Saudi Arabia with practical content.

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