South Korea’s Natural Cement Corp Ltd and Uzbekistan’s Asia Cement International have set up a joint venture to build a roughly US$300 million cement plant in Uzbekistan, Interfax reported.
Uzbek electricity supplies to Tajikistan will be resumed in the nearest future. The Uzbek embassy in Dushanbe has told the Asia-Plus news agency that the suspension of electricity exports to Tajikistan was due to technical hitches at Uzbekistan’s thermoelectric power stations which are the main electricity producers in the country.
The Belarusian company, Belmedpreparaty, which is part of Belbiopharm Concern, sent a package of documents to Uzbekistan to register 21 medical preparations in the third quarter 2007, Belarusian diplomats said.
The diplomatic mission pays special attention to creating and developing the commodity distribution network of Belarusian companies. In 2007 with the assistance of the embassy Minsk Tractor Works, Minsk Engine Plant and Gomselmash signed dealer agreements with Uzbek partners.
Uzbekistan utilized US$1.285 billion of foreign investments and credits in 2007, the Uzbek Foreign Economic Relations, Investments and Trade said. The ministry said the country attracted US$390.22 million or 43.5% more compared to 2006.
Korean Air is reaching into the Central Asia region through a cooperative relationship with Uzbekistan Airways.
Uzbekistan and South Korea are expecting to increase bilateral trade turnover to US$1 billion in 2008, a local media outlets reported.
Bilateral trade turnover between Uzbekistan and Belarus increased by 62.7% year-on-year to US$114.695 in 2007, the Embassy of Belarus to Uzbekistan said. Uzbekistan is the fifth largest trade partner of Belarus.
A delegation of Russian businesses, represented by the members of the Ural Chamber of Commerce and Industry, will pay a visit to Uzbekistan for further development of trade and economic cooperation between the Russian Federation and Uzbekistan.