Shavkat Mirziyoyev, Viktor Orbán agree to further expand trade-economic cooperation

On March 30, President Shavkat Mirziyoyev and Hungarian Prime Minister Viktor Orbán held negotiations with the participation of official delegations of the two countries.

As the press service of the head of state reported, over the past four years, the volume of trade between Uzbekistan and Hungary almost tripled. Despite the difficult circumstances of the pandemic, this positive trend was maintained last year.

“An important factor in maintaining the positive trend is the close interaction of business people and regions of the two countries. In particular, in February this year, a regular meeting of the Intergovernmental Commission on Economic Cooperation and a business forum were held in Budapest. Tashkent hosted yesterday the first meeting of the Uzbek-Hungarian Business Council. During the talks, it was noted that there are huge untapped opportunities for collaboration. The main attention was paid to the issues of further strengthening trade-economic, investment and financial ties,” the report says.

President Shavkat Mirziyoyev noted the importance of eliminating imbalances in bilateral trade and implementing mutual supplies of products in demand. The need for effective use of the opportunities of the Uzbek-Hungarian trading house being created in Budapest was emphasized.

Agreements were also reached on the implementation of new projects in Uzbekistan in the field of the food industry, pharmaceuticals, agricultural processing, chemistry and mechanical engineering using the best practices of Hungary. In Samarkand and Jizzakh regions, it is planned to introduce the Hungarian experience in modernizing the economy and social sphere, industrializing agriculture, and increasing export potential. For this purpose, a group of highly qualified experts arrived from Hungary.

The President of Uzbekistan proposed to establish partnerships between the regions of the two countries and hold an annual Forum of Regions. The Hungarian side expressed its readiness to exchange advanced experience and technologies in the field of agriculture, storage and processing of fruits, fish farming and seed production.