Tashkent, Uzbekistan (UzDaily.com) -- On 16 January, as part of the visit of an Uzbek delegation to Singapore, Minister of Investment, Industry and Trade Laziz Kudratov held talks with Minister of Trade and Industry of this country Gan Kim Yong.

During the dialogue, the historical significance of the upcoming state visit of the President of the Republic of Uzbekistan to Singapore was noted

“The events of these days will give a powerful impetus to further deepening the partnership between the two countries in all areas, opening a completely new chapter in the history of Uzbek-Singapore relations,” Gan Kim Yong emphasized.

It was noted that cardinal changes have taken place in the economic sphere in Uzbekistan in recent years. This allowed Singaporean companies to freely enter the Uzbek market and conduct active business activities. In that regard, it was noted that their success is a call to action for other investors.

Earlier that day, a business forum was held, which was attended by over 200 representatives of the leading business circles of both countries. As part of the event, a list of 23 bilateral agreements was signed, covering a wide range of priority areas for the development of cooperation between the two countries. Such rich results testify to the significant interest of the Singaporean business community in the implementation of investment projects in almost all industries.

- We want as many companies as possible to learn about Uzbekistan and its huge potential. We are ready to provide constant assistance in attracting new investors to your country. We can also be a bridge for Uzbek goods to enter the markets of Southeast Asia and the entire Asia-Pacific region, - said the Minister of Trade and Industry of Singapore.

The meeting was followed by a signing ceremony. Thus, within the framework of the state visit, an intergovernmental Memorandum on the development of trade and economic cooperation between the Republic of Uzbekistan and the Republic of Singapore was signed. In addition, the issue of adopting a number of agreements fixing the creation of the Uzbek-Singapore Chamber of Commerce and attracting Singaporean experience in the development of business incubators to Uzbekistan was agreed.