Tashkent, Uzbekistan (UzDaily.com) -- On 12 March, as part of the visit of the delegation of the Kyrgyz Republic to Uzbekistan, the third meeting of the Uzbek-Kyrgyz Business Council was held with the participation of representatives of the business circles of the two countries.

The event was attended by Deputy Chairman of the Chamber of Commerce and Industry of Uzbekistan Umidbek Safarov, President of the Chamber of Commerce and Industry of Kyrgyzstan Temir Sariev, heads of relevant ministries and departments, industry associations, as well as about 80 representatives of the business community of the two countries.

The main issues on the agenda were the development of joint entrepreneurship as part of investment from the Uzbek-Kyrgyz Development Fund. On this issue, the chairman of the board of the fund, Aziz Aaliev, made a presentation on the activities and capabilities of the organization. In addition, the issue of opening a green corridor for perishable products, a common laboratory, sanitary inspection, additional checkpoints and increasing rail transportation was discussed.

As noted by the head of the Chamber of Commerce and Industry of the Kyrgyz Republic Temir Sariev, the presidents of Kyrgyzstan and Uzbekistan laid a solid foundation for mutual cooperation between the two countries.

Trade turnover between Uzbekistan and Kyrgyzstan over the past 5 years has increased 5 times and at the end of 2023 amounted to almost US$1 billion, of which exports are more than US$630 million, and imports are more than US$320 million.

During the meeting of the Business Council, an agreement was reached on the mutual production of food products between the Alaiku Organics companies from the Kyrgyz Republic and the Milk House company from the Republic of Uzbekistan. B2B meetings of entrepreneurs were also held, where contracts were signed and a number of agreements were reached.