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Mongolia|politics|June 27, 2024 / 10:54 AM
Mongolian companies to gain greater access to markets of Uzbekistan and Central Asia - Montsame

AKIPRESS.COM - During his official visit to Uzbekistan, President of Mongolia Khurelsukh Ukhnaa and President of Uzbekistan Shavkat Mirziyoyev held a meeting with representatives from the business communities of the two countries, Montsame reports.

The Presidents expressed their commitment to supporting enterprises in various leading economic sectors such as mining, agriculture, light industry, transport, logistics, and tourism, aiming to increase trade turnover by 10 to 20 times in the near future.

Within the framework of the 2024-2026 Program for the development of trade, economic, and investment cooperation, the parties approved a list of joint projects and programs to be implemented. This will enable the two countries to conduct mutually beneficial, active cooperation over the next two years.

Currently, more than 10 Mongolian enterprises work in Uzbekistan. The Business Forum organized during the visit gathered representatives from over 300 enterprises from Mongolia and Uzbekistan. The Mongolian National Chamber of Commerce and Industry (MNCCI) and the Uzbekistan Chamber of Commerce and Industry renewed their Memorandum of Cooperation and agreed to establish a joint business council. This council aims at connecting business people and supporting dialogue and cooperation initiatives in trade, investment, services, and all sectors of industry.

Several enterprises, such as Tavan Bogd Solutions LLC, Mongol Basalt JSC, Doctor Auto Chain, and Era Jims, have signed cooperation agreements with the Uzbek side. The NURA project, which uses advanced medical equipment and artificial intelligence technology to detect cancer and lifestyle-related diseases early, will be introduced in Uzbekistan.

The delegation accompanying President Khurelsukh Ukhnaa on his visit to Uzbekistan includes representatives of over 40 national manufacturers small and medium enterprises, and producers. The trade turnover between the two countries was $10 million last year. Mongolia exported $4.6 million worth of processed sheep and lamb skins, intestines, frozen mutton, beef, and goat meat, while importing $5.4 million worth of grapes, fruits, food products, refrigeration and freezing equipment, and trucks from Uzbekistan.

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