Azernews.Az

By Kamila Aliyeva

Uzbekistan and Ukraine signed contracts totaling over $ 47.4 million following the Uzbek-Ukrainian business meeting in Kiev, the Uzbek Foreign Ministry reported.

The forum was attended by representatives of more than 50 enterprises of the textile, chemical, electrical and construction industries of the two countries.

The Ukrainian side was informed about socio-economic development of Uzbekistan, perspective directions of cooperation, favorable conditions for doing business and production of export-oriented products.

Following the results of the bilateral meetings, commercial contracts for the supply of motor vehicles, textiles, electrical appliances, building materials and tobacco products to Ukraine for a total of more than $ 47.4 million were signed.

A contract for the delivery of technological equipment of the Dnipropress enterprise to Uzbekistan for the structure of Uzpahtasanoat JSC worth $2 million and a memorandum between Uzhimprom and GFT Ltd on the organization of production facilities of liquid fertilizers and biopreparations in Uzbekistan were signed.

To implement systemic deliveries of dry, fresh and processed fruit and vegetable products to the Ukrainian market, an agreement was reached between Uzagroexport JSC and B.T.S.-import LLC on establishing a joint trading house in Kiev.

During the nine months of 2016, the volume of bilateral trade between Uzbekistan and Ukraine has decreased by 20 percent as compared to the same period of 2015, amounting to about $180 million.

The Uzbek import of Ukrainian products mainly consists of iron and steel, the products of the light and chemical industries, as well as agricultural products. Uzbekistan supplies to Ukraine various types of engineering products, chemical products, pharmaceuticals and agricultural products.

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Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva

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