Uzbekistan regards Russia as a major economic partner

Saturday, May 30, 2020

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Uzbekistan regards Russia as a major economic partner, believes deputy prime minister, economic minister of Uzbekistan Rustam Azimov. "People in Uzbekistan never forget that, historically, Russia has always been its major economic partner," says Azimov's article published in the government paper of Uzbekistan "People's Word". Azimov believes that understanding to conclude an Agreement on Strategic Partnership between Russia and Uzbekistan has become the main result of fruitful negotiations between the two countries' presidents held last April. The share of the Russian Federation in the structure of the foreign trade turnover of Uzbekistan in 2003 increased by 26 percent, in the first quarter of 2004 - by another 43 percent, and has good opportunities for the further rapid growth, Azimov stressed. He also pointed to the growing interest of the Russian capital in the large-scale investment in the Uzbek economy, and in the first place in such export-consuming branches as the extraction and processing of oil and gas, telecommunications, mining, metallurgy, machine-building, precision instrument-making, production of electrotechnical goods, building materials, processing of agricultural produce and other promising directions.

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