The first meeting of the Belarus-Uzbekistan Business Council

Date: 04 March 2021

The first meeting of the Belarus-Uzbekistan Business Council was held in Tashkent, organized by the Belarusian Chamber of Commerce and Industry and the Chamber of Commerce and Industry of the Republic of Uzbekistan as part of the work of the Joint Intergovernmental Commission on Bilateral Cooperation between the Republic of Belarus and the Republic of Uzbekistan.

The meeting of the Business Council was co-chaired by BelCCI Chairman Vladimir Ulakhovich and the Chairman of the Chamber of Commerce and Industry of Uzbekistan Adham Ikramov. Taking part in the meeting were guests of honor: co-chairs of the Belarus-Uzbekistan Intergovernmental Commission for Cooperation – Belarus' Deputy Prime Minister Aleksandr Subbotin and Deputy Prime Minister for Investments and Foreign Economic Affairs – Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov.

Belarus was represented by more than 70 heads and representatives of organizations and companies, including the flagships of mechanical engineering, biggest food manufacturers, pharmaceutical companies, logistics and insurance companies, research facilities and educational institutions. On the Uzbek side, participating in the meeting were 100 representatives of companies from different spheres, interested in partner relations with Belarusian enterprises.

The participants of the meeting discussed promising avenues of cooperation in trade and economy, and ways to make the most of business contacts of the two states. The participants from Belarus learned about Uzbekistan's projects in agriculture and food and the work of the Association of Electrical Engineering Enterprises of Uzbekistan. Belarus presented the country's largest bioindustry project – the Belarusian National Biotechnology Corporation.

The Business Council meeting participants noted that Belarus and Uzbekistan have always maintained friendly relations based on mutual trust, open dialogue and mutually beneficial cooperation. The foundation of bilateral relations are close trade and economic ties, ensured by the fact that the economies of the two states are synergetic and mutually supporting. And the Business Council, established in 2019, is aimed to further deepen partnership relations between Belarus and Uzbekistan, intensify cooperation between companies in trade and investment, identify and overcome barriers to expanding bilateral trade and economic cooperation.

"The interest shown by businesspeople in the work of the Belarus-Uzbekistan Business Council, the participation of distinguished guests in its meeting give reason to believe that this body will work effectively and contribute to the expansion of Belarusian-Uzbek foreign economic relations. The Council meeting is a platform for establishing contacts and discussing avenues of long-term mutually beneficial cooperation. The next meeting of the Council will be held in Minsk, and I am sure that it will be no less large-scale", the Chairman of the BelCCI Vladimir Ulakhovich said.

During the meeting, the heads of the BelCCI and the Chamber of Commerce and Industry of Uzbekistan signed an action plan to implement the provisions of the agreement on the establishment of the Belarus-Uzbekistan Business Council for 2021–2022, which provides for closer cooperation between the two chambers, exchange of business visits, including at the regional level, holding exhibitions in the two countries and sharing information about companies interested in establishing partnerships.

At the end of the meeting, Belarusian and Uzbek companies held bilateral talks on further cooperation in the fields of agriculture, mechanical engineering, logistics, food industry, chemical and pharmaceutical production, science and education, information technology, and others.

Besides, as part of the visit to Tashkent, Belarusian businesspeople visited Uzbek companies and organizations working in the field of agriculture and discussed cooperation opportunities.