Uzbekistan, Bangladesh step up industrial cooperation

BUSINESS 11:21 / 13.06.2022 8204

According to the MIFT, the parties discussed in detail the current agenda of bilateral cooperation in the investment and trade-economic spheres. In particular, special attention was paid to measures to further deepen cooperation through the implementation of specific joint initiatives and projects.

The Ambassador noted the interest of Bangladeshi companies in the Uzbek market. “There are ample opportunities and favorable conditions for doing business here,” the diplomat assessed. In this regard, an agreement was reached at the meeting to intensify industrial cooperation. At this stage, we are talking about the development of projects and the creation of joint ventures in the agricultural, food, textile, leather and footwear and pharmaceutical industries, including for the export of finished products to third-country markets.

A number of other issues of mutual interest were also discussed. So, for example, the importance of restoring direct flights on the Tashkent-Dhaka-Tashkent route was noted, which, among other things, will allow Tashkent to be positioned as a hub for transit flights from Bangladesh.

Further deepening of cooperation in the tourism field will be facilitated via visits to Uzbekistan by journalists from well-known Bangladeshi TV channels, such as BBC World, Banglavision, Jamuna Television and NTV Bangladesh, in order to prepare media content for advertising and promotional videos.

Also, in order to increase the tourist flow to Uzbekistan, it is planned to consider the possibility of concluding a code-share agreement between the national air carriers of the two countries (flight sharing agreement) and introducing a system for issuing electronic visas for citizens of Bangladesh, which will greatly simplify their entry into the country.

Following the talks, the parties agreed to begin preparations for the 3rd meeting of the Uzbek-Bangladesh Intergovernmental Commission on Trade and Economic Cooperation.

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