Tashkent, Uzbekistan (UzDaily.com) -- The Capital Market Development Agency, with the support of the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan, held the first bilateral negotiations with the Dubai International Financial Center (DIFC) headed by Mr. Arif Amiri, Director General of the DIFC department.

As a result of the conversation, Arif Amiri expressed his approval of bilateral relations between Uzbekistan and the UAE, as well as the efforts of the Uzbek government in the development of the capital market. 

The parties agreed to establish partnerships in terms of the effective development and modernization of the regulatory framework of Uzbekistan, which will allow companies and citizens of Uzbekistan to gain access to world financial markets through the infrastructure of the DIFC.

DMFC is an independent economic zone of Dubai, operating in the region of the Middle East, North Africa and Asia. DIFC has its own independent internationally regulated body and judiciary, a common law system, a global financial exchange (NASDAQ Dubai), a tax-friendly regime, and a large business community of financial professionals.