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NEWS AND EVENTS
September 20, 2013
Meeting of the intergovernmental commission
A regular meeting of the Uzbek-Latvian intergovernmental commission on economic, industrial and scientific-technical cooperation took place in Tashkent.

It was attended by heads of ministries, agencies and companies of the two countries responsible for the sphere of external economic relations, economy, trade, investment, oil and gas, energy, science, education, agriculture and water resources, food, chemical, pharmaceutical, health, tourism, information technology and telecommunications, transport and communications, automotive, building materials production.

Minister of Foreign Economic Relations, Investments and Trade of the Republic of Uzbekistan, Co-Chairman of the commission Elior Ganiev emphasized that cooperation between Uzbekistan and Latvia is developing in all areas, including trade, economic, industrial, scientific and technical fields, an important legal basis of which the arrangements reached at the meetings of the heads of the two states. Cooperation between Uzbekistan and Latvia is based on a sound legal basis. Agreements on cooperation are signed in various areas, including in the areas of trade and industry, investment, transport and communications, tourism, standardization, research and education. The most favored trade regime is in place between Uzbekistan and Latvia in the fields of trade, economy and industry.

Our countries have a huge potential for the development of trade and economic ties. The volume of bilateral trade has been on the increase. In 2012 the figure amounted to 243.2 million USD, it reached 125.6 million USD in January -June of this year. There are 22 joint ventures created with the participation of investment from Latvia in Uzbekistan. These are companies that specialize in such areas as furniture, textiles and confectionery products, oil refining, printing, logistics, retail and services. 10 representative offices of leading Latvian companies are opened in our country.

At a meeting of the intergovernmental commission it was noted that Uzbekistan and Latvia are interested in increasing the volume of bilateral trade, expand trade, economic, investment, scientific and technical cooperation. The participants emphasized that the two countries have a great potential in the development of cooperation in the field of cargo transit, science, tourism, standardization.

During the negotiations, the members of the Latvian delegation were briefed on privatization processes in Uzbekistan, results of economic reforms, favorable opportunities for investors in the \"Navoi\" free industrial economic zone and \"Angren\" special industrial zone - Latvia is focused on the development of relations with Uzbekistan - said the State Secretary of the Ministry of Economics of Republic of Latvia, co-chairman of the commission Juris Pūce. - Friendly relations are an important factor in the consistent development of cooperation between our countries. In recent years, the scope of cooperation has expanded. Thus, ties in the fields of economy, industry, agriculture, transport and communications, and education have significantly activated. We are interested in the further development of scientific and technological, commercial and economic relations with Uzbekistan. During the talks, special attention was paid to the development and implementation of joint projects.

On the same day a forum of business circles of Uzbekistan and Latvia was also held. The participants exchanged views on the widespread use of the economic potential and existing capacities of the two countries. Issues of cooperation in the fields of economy and trade, science and technology, pharmaceuticals, medical equipment, textile and food industries, involvement of Latvian companies in the privatization process in the country were discussed.

(Source: Uzbekistan National Agency – UzA)



CNPC signs series of oil and gas cooperation agreements in Uzbekistan

On 9 September in Tashkent, in the presence of Chinese President Xi Jinping and Uzbekistan’s President Islam Karimov, Chairman of the National Development and Reform Commission (NDRC) Xu Shaoshi and Uzbek First Deputy Prime Minister Rustam Azimov signed the second supplementary protocol to make changes to an Uzbekistan-China gas pipeline agreement signed a few years ago.

CNPC Chairman Zhou Jiping and Uzbek Deputy Prime Minister Gulomzhon Ibragimov signed a MOU for feasibility study on oil and gas exploration and development in two blocks and an agreement on principles of establishing a JV company for oil and gas exploration and development in the Karakul block in Uzbekistan.

CNPC and Uzbekneftegaz agreed to set up a joint working team to perform the feasibility studies, and a JV company to be in charge of oil and gas development in the Karakul block.

On 8 September, Mr. Zhou Jiping paid a visit to Uzbek First Deputy Prime Minister Rustam Azimov. They had an in-depth discussion on CNPC’s cooperation projects in Uzbekistan. After the meeting, representatives from CNPC, Uzbekneftegaz, and Singapore’s INDORAMA signed a MOU on establishing a gas chemical plant at Uzbekneftegaz’s Mubarek Gas Processing Plant.

On the same day, Mr. Zhou met with Chairman of Uzbekneftegaz Shokir Fayzullayev. They exchanged views on further expanding oil and gas cooperation between the two sides. Later, they signed an agreement on establishing the New Silk Road Oil And Gas Company Ltd., and the articles of incorporation of the company.

(Source: Uzdaily.com)


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