'The trade turnover of Estonia and Uzbekistan has doubled over the past year, creating opportunities for investment and expansion of mutually beneficial relations,' the article dedicated to Tashkent's Uzbek-Estonian Business Forum in the Delfi news portal of the Baltic States reads.
It states that a delegation of Estonian business circles and experts, under the auspices of the Estonian Chamber of Commerce and Industry, is visiting Uzbekistan, Dunyo reports.
'In a complex political situation, it is necessary to diversify Estonia's foreign economic relations; the Uzbek business community is ready for this, so we have come to Tashkent,' the article reads.
Deputy Minister of Transport Jasurbek Choriyev and Deputy City Mayor of Tashkent Sharof Rakhmanov received the Estonian delegation.
A representative of the port of Sillamäe and Estonian Railways and the Estonian Ambassador to Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, Toomas Tiers, participated in the Uzbek-Estonian Business Forum.
A delegation from Estonia visited one of the oldest cities in Central Asia, Bukhara, to hold a working meeting with the city's leadership and the region.
Uzbekistan, with a population of 36mn, is a reasonably large player in the world economy; the country ranks 60th in the ranking of countries in terms of GDP. Moreover, Uzbekistan is among the ten countries in the world in terms of reserves of essential minerals, and a system of oil and gas pipelines connecting Europe to Central Asia and the Caucasus passes through its territory. Foreign trade turnover between Estonia and Uzbekistan amounted to €92.5mn last year', the publication reads.
Estonia and Uzbekistan have had diplomatic relations since 1992. The two countries have engaged in various bilateral trade agreements, with Estonia exporting mainly machinery, textiles, and chemicals to Uzbekistan while importing cotton and agricultural products.
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