Uzbekistan and Poland Discuss Cooperation in Geology

According to Dunyo news agency, the Embassy of Uzbekistan organized an Uzbek-Latvian business forum, which was attended by representatives of the business communities of both countries.

During the event, investment opportunities in Uzbekistan were presented to Latvian entrepreneurs, along with information about ongoing reforms aimed at improving the business environment, developing free economic zones, and creating favorable conditions for foreign investors and tourists.

Business negotiations focused on the potential for expanding trade, economic, and investment ties, as well as cooperation in the fields of transport, logistics, food processing, and pharmaceuticals.

Participants discussed the need to increase the volume of bilateral trade and cargo transportation, more effective utilization of the transport and logistics capacities of the two states, and the implementation of new joint investment projects.

Representatives of more than ten major Latvian companies operating in the transport and logistics sector, including Riga Port Group, Baltijas Ekspresis, and Ventspils Commercial Port JSC, took part in the negotiations.

The parties studied opportunities to increase cargo flows between Uzbekistan and Latvia, develop transport routes, and utilize the port infrastructure of Riga and Ventspils to facilitate access of Uzbek goods to European markets. The expansion of warehousing and transit services was also discussed.

Following the meetings, an agreement was reached on a visit by a delegation of Latvian business representatives to Uzbekistan, scheduled for October 5 to 10 of this year. During this visit, the parties intend to continue discussions on cooperation in transport and logistics, energy, and pharmaceuticals, as well as consider possibilities for joint projects and determine steps for their implementation.

The Minister of Mining and Geology of Uzbekistan, B. Islamov, held a meeting on September 9 with a German delegation led by Klaus Mangold, Chairman of Mangold Consulting GmbH. Responsible officials from the ministry also participated in the negotiations.

During the meeting, representatives of the Uzbek metallurgical and technological metallurgical plant presented an overview of the enterprise's activities, its current production capabilities, as well as ongoing work on the development and processing of strategic mineral resources.

Afterward, representatives of Mercedes-Benz AG presented a report titled 'Dialogue on Raw Resources of Uzbekistan and Germany.' Participants discussed prospects for industrial cooperation, Uzbekistan's potential in minerals and raw materials, and opportunities for implementing joint projects.

Particular attention was paid to expanding technological and investment cooperation between the parties. At the end of the meeting, the sides agreed to continue developing cooperation in the field of mineral extraction and strategic raw materials. They also agreed to jointly study promising areas and maintain dialogue.