Uzbekistan and Qatar discuss ways to enhance multifaceted cooperation
Tashkent, Uzbekistan (UzDaily.com) -- On 9 June 2021, Deputy Prime Minister - Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov met with Deputy Prime Minister, Minister of Foreign Affairs of the State of Qatar Mohammed bin Abdulrahman bin Jassim Al Thani in Tashkent.
During the meeting, an exchange of views took place on key issues on the agenda of bilateral cooperation and the prospects for deepening partnership between the two countries in the political, trade, economic, investment, transport, logistics and cultural and humanitarian spheres.
The parties highly appreciated the results of the bilateral political consultations held between the foreign ministries of Uzbekistan and Qatar in February this year in Doha, and also stressed the importance of continuing an active intergovernmental dialogue. The progress in the implementation of the "Road Map" for the implementation of the agreements reached in the course of previous bilateral meetings and events, and topical issues in this area were considered.
Significant opportunities were noted for the development of cooperation in the investment sphere in such areas as energy, agriculture, food and chemical industries, production of building materials, transport and tourism, for the implementation of which the parties will soon work to attract potential counter-partners from among Uzbek and Qatari entrepreneurs. The parties highlighted the existing opportunities for the participation of Qatari companies in the implementation of projects in the energy, oil and gas, chemical and petrochemical sectors.
In order to deepen partnership in the investment sphere, an agreement was reached to intensify negotiations to agree on an Agreement on the Encouragement and Reciprocal Protection of Investments between the Republic of Uzbekistan and the State of Qatar.
A significant untapped potential in the field of mutual trade was noted. An agreement was reached on a joint study of possibilities for increasing trade, preparing proposals for eliminating existing trade barriers and substituting imports from third countries.
The parties, touching upon the sphere of transport and logistics cooperation, considered the prospects for Qatar's participation in the implementation of the Mazar-i-Sharif-Kabul-Peshawar railway construction project and outlined further steps in this direction.
An agreement was reached on the development of partnership in the banking and financial sector. The Qatari side expressed its readiness to assist in attracting a number of Qatari banks for the introduction of Islamic banking mechanisms in Uzbekistan.
Prospects for establishing cooperation in the field of tourism were also discussed, meaning the construction of modern hotel complexes in major tourist cities of Uzbekistan, such as Samarkand, Bukhara, Khiva and others.
In order to intensify trade, economic and investment cooperation between Uzbekistan and Qatar, the parties agreed to create a joint working group from among the heads of the relevant departments of the two countries.
At the end of the meeting, the parties agreed to hold the 1st meeting of the Intergovernmental Commission on Trade, Economic and Scientific and Technical Cooperation, as well as the 1st meeting of the Uzbek-Qatar Business Council in the second half of this year in Doha.
Following the meeting, further steps were identified for the practical implementation of the agreements reached and the consistent expansion of multifaceted cooperation between the two states.