A pivotal meeting of the Uzbek-Kuwaiti intergovernmental commission was recently held in Tashkent, marking a significant step forward in bilateral relations. The discussions culminated in the signing of documents aimed at enhancing trade, economic, scientific, and technical cooperation, according to the Ministry of Investment, Industry, and Trade of Uzbekistan.
Leading the talks, Uzbekistan’s Minister of Investment,
Industry, and Trade, Laziz Kudratov, met with Kuwait’s Minister of Finance and State Minister of Economy and Investment, Noura Suleiman Al-Fassam. The dialogue centered on evaluating the current trade, economic, and investment partnerships between the two nations.
Minister Kudratov emphasized the importance of fostering stronger ties, particularly through agreements on preferential trade and collaborative ventures in e-commerce. He also proposed organizing exhibitions such as “Made in Uzbekistan” and “Made in Kuwait” to showcase mutual achievements and opportunities.
Minister Noura Suleiman Al-Fassam expressed Kuwait’s commitment to supporting these initiatives. She pledged to ensure the swift execution of existing agreements and to encourage Kuwaiti companies to invest in Uzbekistan.
During the meeting, the potential for large Kuwaiti companies to engage in Uzbekistan’s free economic zones was explored. These zones offer significant advantages, including tax and customs benefits, as well as access to raw materials and utilities. This collaboration aims to attract greater foreign investment and boost industrial cooperation.
Both sides agreed to draft an industrial cooperation program and negotiate bilateral investment treaties in the near future. A memorandum simplifying trade procedures and the minutes of this inaugural commission meeting were also signed, solidifying the commitments discussed.
The outcomes of this meeting reflect a shared vision to strengthen the Uzbekistan-Kuwait partnership, paving the way for enhanced economic growth and collaboration.Uzbekistan and Kuwait Sign Key Trade, Investment Agreements
