INCREASING EXPORT VOLUMES

A roundtable discussion on “Opportunities of stevedoring companies of Latvia on serving export cargo of Uzbekistan” has been held at the Fund for support of exports of small businesses and private entrepreneurship.

General director of the Fund for support of exports of small businesses and private entrepreneurship under the National Bank for foreign economic activity of the Republic of Uzbekistan Jahongir Mustafaev, general director of the Association for Development of Business Logistics Akram Muhidov and others highlighted that domestic industries are consistently developing under the leadership of President Islam Karimov, geography of exports has been broadening.

Close cooperation is established in many areas between Uzbekistan and Latvia. Most favored nation status has been established in economy, trade and industry. Treaty on promoting and protecting investments, avoiding double taxation are valid between the two countries.

Transport sphere is one of the prospective areas of cooperation between Uzbekistan and Latvia. Our countries are important parts of Eurasian transport corridor. Uzbek goods, destined for European markets, go through Latvian ports.

During the discussion the parties shared views on further strengthening cooperation between logistics companies of Uzbekistan and Latvia, effective management in goods transit and documentation.

– Accelerated growth of export volumes of Uzbekistan requires further strengthening international collaboration in transport-logistics area, - says President of Association of Stevedoring Companies of Latvia Uldis Papans.– Members of our association operate in Riga free port. Компании-члены нашей ассоциации ведут деятельность в Рижском свободном порту. We are interested in developing business contacts with business circles of Uzbekistan, expanding mutual beneficial cooperation with logistic companies of Uzbekistan. We offer Uzbek businesses to create joint venture (hub) at Riga free port in cooperation with the Latvian stevedoring companies. This will serve to strengthen Uzbek exporters’ position in European markets.

Following the round table discussions, the Fund for support of exports of small businesses and private entrepreneurship, Association for Development of Business Logistics (ADBL) and Association of Stevedoring Companies of Latvia signed an agreement on partnership and.

UzA