The meeting between the Minister of Investment, Industry and Trade of Uzbekistan and the Ambassador of Germany focused on the current state and future potential of collaboration between the two nations.

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UZA News

The Minister, Laziz Kudratov, held talks with Tilo Klinner, the Ambassador of the Federal Republic of Germany, where they discussed the progress and implementation of previously made agreements, as well as ways to strengthen cooperation between their respective business communities.

It is worth mentioning that the trade turnover between Uzbekistan and Germany exceeded one billion dollars by the end of 2023, with Germany’s investments in Uzbekistan reaching $913.2 million.

Currently, there are 215 enterprises in Uzbekistan with German involvement, including 112 individual entrepreneurs.

The two parties also discussed measures to further develop trade, economic, and investment cooperation, and agreed to explore opportunities for expanding and diversifying their trade relationship.

UzA

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