Uzbekistan and Russia sign roadmap for the implementation of a Memorandum of Understanding on logistics corridors

August 23, 2021 2:16 p.m. (UTC + 04:00)

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By trend

On August 21, in Tashkent, a meeting was held between Deputy Prime Minister – Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov and Deputy Prime Minister of the Russian Federation Alexey Overchuk, Trend reports citing Uzdaily.

During the meeting, a wide range of issues of trade, economy, investment and cooperation in transport and logistics were discussed.

Speaking on strengthening investment ties, the parties placed particular emphasis on the development of interregional cooperation. It was announced that in view of the II Interregional Cooperation Forum, 42 mutual visits of heads of administrations from various regions of Uzbekistan and the Russian Federation will be organized in order to develop strong trade and investment agreements.

Following the results of the I Interregional Cooperation Forum between the Republic of Uzbekistan and the Russian Federation, held in 2018, agreements worth US $ 2.7 billion were concluded, including the amount of agreements on the implementation of investment projects amounted to 1.5 billion US dollars, and trade agreements – 1.2 billion US dollars.

The parties noted the relevance of establishing cooperative ties between manufacturers of the two countries, within the framework of which the preparation of the industry fair “Made in Uzbekistan” in Moscow, which will become the largest exhibition of products produced in Uzbek never organized in the Russian Federation, was considered.

The report of the responsible officers on the current results of the activities of the Joint Project Office was heard. An agreement was reached to intensify joint work on the implementation of the agreed investment projects included in the economic cooperation program, for a total amount of $ 5.8 billion.

The parties also reviewed the current state of implementation of the agreements reached at the meeting of the Intergovernmental Commission for Economic Cooperation (IGC) held in October 2020 and discussed matters of preparation for the next IGC meeting.

At the end of this meeting, a “Roadmap” was signed for the implementation of the memorandum of understanding on the development of logistics corridors. The document describes the priority measures to create the necessary infrastructure and organize the appropriate logistics service.

The document defines the format of bilateral interaction to improve customs, sanitary and phytosanitary procedures, simplify the procedure for the movement of goods between the two countries, develop interaction between the state bodies of the two states in the field of digitization, and also contains practical measures for the implementation of infrastructure projects, in particular, on the establishment of agricultural and wholesale distribution centers. One of these measures is the organization of a regular block train “Agroexpress” according to the principle of the “green corridor”, which guarantees the maximum delivery time of agricultural products from Uzbekistan to the Russian Federation, not exceeding not five days.

Following the meeting, the parties outlined further steps for practical interaction in the areas of cooperation discussed and agreed to maintain close contacts at all levels in order to quickly resolve emerging issues.

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