TASHKENT, Uzbekistan, November 27. Uzbekistan
and the European Union discussed the development of trade,
economic, and investment cooperation as part of the implementation
of agreements reached during the visit to Brussels in October this
year, Trend reports
via the press service of the President of Uzbekistan.
The matters were addressed during a meeting between President
Shavkat Mirziyoyev and a European Union delegation, headed by
European Commissioner for International Partnerships, Jozef Sikela,
and European Commissioner for Enlargement, Marta Kos, who are
currently visiting Uzbekistan for official discussions.
Meanwhile, it was noted that this year, Uzbekistan and the EU
signed the Enhanced Partnership and Cooperation Agreement (EPCA),
held summits in Samarkand and Brussels, and completed negotiations
with the EU on Uzbekistan’s accession to the WTO.
Since the beginning of the year, mutual trade has increased by
almost 7 percent. The parties emphasized that the practical
implementation of the EPCA will help significantly expand trade
volumes and increase investment inflows.
The importance of strengthening institutional mechanisms was
underscored to broaden and diversify the range of traded goods,
launch new joint industrial cooperation projects, and advance
collaboration in transport, digitalization, critical minerals,
energy, healthcare, and other priority areas.
Meanwhile, bilateral trade between Uzbekistan and the European
Union has quadrupled over the past seven years, reaching 54 billion
euros.