Jahon news agency reported that, representatives of Malaysian business associations and private companies, interested in establishing trade-economic and investment cooperation with Uzbekistan, participated at the forum.

During the business forum, the participants familiarized with main macroeconomic figures of Uzbekistan, the State Programme “The Year for Small Businesses and Private Entrepreneurship”, investment climate and tourism potential of Uzbekistan.

The Malaysian side was familiarized with perspectives and advantages of doing business at Navoi free industrial and economic zone, opportunities of cooperation in pharmaceutics, electrotechnical, chemical, automobile, oil and gas, light industries, education and tourism sectors.

The business forum results showed that business circles of Malaysia are interested in developing trade-economic and investment cooperation with Uzbekistan, expand participation of Malaysian capital in joint venture in oil and gas chemical, production of automobile components, textile sector, pharmaceutical industry, as well as tourism.

Trade turnover of Uzbekistan and Malaysia has been growing in last five years. In 2010, the trade turnover made up over US$72 million.

Currently, there are 20 enterprises with Malaysian investments in Uzbekistan and three of them are with 100% Malaysian capital.

Six enterprises of Malaysia accredited at the Ministry of Foreign Economic Relations, Investment and Trade of Uzbekistan. They are operate in such sectors as oil and gas, exploration, trade and mediation, consulting in ICT.