Kyrgyzstan and Uzbekistan sign seven Memorandums of Cooperation

Kyrgyzstan and Uzbekistan have signed seven Memorandums of Cooperation as a result of the meeting of the Business Council.

More than a hundred representatives of the largest enterprises of the two republics jointly discussed issues and signed a number of cooperation agreements. In his opening speech, the President of the Chamber of Commerce and Industry of the Kyrgyz Republic, Temir Sariev, announced start of a new stage in relations between Kyrgyzstan and Uzbekistan. The first step will be assistance to businesses in joint promotion.

«We have outlined the plans — this is $ 2 billion a year. To achieve this level, the Chambers of Commerce and Industry of the two countries are ready to provide all possible assistance. We agreed that we will build the so-called «green corridor» between the two states. Business is ready to work with government agencies and solve all existing problems,» said Temir Sariev.

Deputy Chairman of the Chamber of Commerce and Industry of Uzbekistan Jamshed Urakov believes that mutual understanding between the Chambers of the two countries has reached a new level. He stressed that business circles were interested in resolving issues with the help of the resources of the Chambers of Commerce and Industry.

Representatives of dairy products associations of the two countries declared their readiness for mutual cooperation. Last year, dairy products worth 1.7 million soms were exported to Uzbekistan. This is 12 times less than to other countries. Considering that milk and meat are perishable products, businessmen ask to create the same «green corridor». Representatives from Uzbekistan told about a catastrophic shortage of meat and milk.

The heads of the Chambers of Commerce and Industry of Kyrgyzstan and Uzbekistan made a joint statement. They assured the entrepreneurs that they would negotiate with the relevant government agencies as soon as possible to solve pressing problems.

As a result of the meeting of the Business Council, the following memorandums were signed:

• Memorandum of Cooperation between the Union of Jewelers and Entrepreneurs of Kyrgyzstan and the Uzbekzargarsanoati Association of Uzbekistan;
• Memorandum of Cooperation between the Osh Regional Branch of the Chamber of Commerce and Industry of the Kyrgyz Republic and Andijan Territorial Chamber of Commerce and Industry of the Republic of Uzbekistan;
• Memorandum of Mutual Understanding between the Business Association JIA and the Association of Exporters of Uzbekistan;
• Memorandum of Cooperation between the Pharmaceutical Union of Kyrgyzstan and the Agency for the Development of the Pharmaceutical Industry of Uzbekistan;
• Memorandum of Mutual Understanding between Ecoexport LLC of the Kyrgyz Republic and the Association for the Development of Pasture Farms of Uzbekistan;
• Memorandum of Cooperation between the Association of Tour Operators of Kyrgyzstan and the Association of Tourism Investors of Uzbekistan;
• Memorandum of Cooperation between Bazalt Wool and Fast Group LLC for $20 million.