The Minister of Investment and Foreign Trade Sardor Umurzakov held talks with the Advisor to the Prime Minister for Investment, Industry and the Private Sector of the People’s Republic of Bangladesh (PRB) Salman Rahman, as well as the Minister of Commerce of the PRB Tipu Munshi and the Minister of Textile and Jute of the PRB Golam Gazi.

During the dialogue, the parties identified significant areas of cooperation in the investment sphere – mainly in the textile and pharmaceutical industries. They discussed the prospects for creating joint textile clusters, as well as attracting leading experts from Bangladesh as consultants on the development of the textile industry in Uzbekistan, the MIFT press service said.

The importance of further expanding the range of delivered commodity items demanded in the markets of the two countries in the agricultural, chemical and electrical industries was noted. Taking measures to increase their supplies will bring the volume of mutual trade to a new level.

The parties agreed to intensify the joint elaboration of a number of bilateral documents, including an agreement on the avoidance of double taxation and an agreement on cooperation in the field of plant quarantine.

Special attention was paid to cooperation in the cultural-humanitarian sphere – an agreement was reached on establishing close ties between the Silk Road International University of Tourism in Samarkand and the Jahangir Nagar University in Dhaka. The possibilities of cooperation in the field of tourism, in particular within the framework of the “Umrah+” pilgrimage program, as well as the organization of festivals of culture and art of Uzbekistan and Bangladesh in both countries, were also considered.

Following the talks, it was agreed to create a joint working group at the level of deputy heads of foreign economic departments of the two countries to coordinate issues of development of cooperation in the fields of trade, investment and transport within the framework of the indicated areas.