Tashkent, Uzbekistan (UzDaily.com) - A delegation of Uzbekistan led by Deputy Minister of Investment and Foreign Trade Shukhrat Vafaev, consisting of the leaders of the Central Bank and leading commercial banks of Uzbekistan, during a trip to Abu Dhabi, held talks with the Chairman of the Central Bank of the UAE, Mubarek Rashid Al- Mansouri and the management of the largest emirate commercial banks - First Abu-Dhabi Bank, Emirates NBD, Islamic Bank of Dubai, Islamic Bank of Abu Dhabi.

The Emirate’s partners noted with satisfaction the high intensity of the development of economic cooperation between the two countries as a result of the visit of the President of the Republic of Uzbekistan to the UAE this year and in turn expressed their readiness to consider new proposals for cooperation in promising areas.

The current state of cooperation with the Emirate companies Masdar, Mubadala, Emaar, DP World, ENOC was positively assessed - their successful work in the framework of the ongoing initiatives, according to the emirate bankers, is an objective indicator of a favorable investment climate formed in the country due to ongoing socio-economic reforms and transformations.

As a result of the negotiations, agreements were reached on expanding bilateral technical cooperation between the Central banks of the two states, aimed at improving approaches to the development and implementation of monetary policy and banking supervision.

The heads of commercial banks of both countries also identified specific projects and initiatives for further study and development.