BAKU, Azerbaijan, Mar. 11
By Klavdiya Romakayeva - Trend:
Uzbekistan and Spain discussed the mechanism for providing bank guarantees to attract funds from the FIEM fund to finance construction of greenhouse complexes, Trend reports referring to the Embassy of Uzbekistan in Spain.
It is reported that negotiations were held in the format of videoconference between representatives of the Ministry of Industry and Trade and Tourism of Spain, the Fund for Internationalization of Spanish Companies FIEM, WES agricultural corporation and responsible employees of the Ministry of Investment and Foreign Trade of Uzbekistan, Uzpromstroybank JSCB and Agrobank.
During the negotiations, the parties discussed the mechanism for providing bank guarantees to attract funds from the FIEM fund to finance joint projects that are being worked out for implementation with Spanish companies in such areas as the construction of greenhouse complexes and enterprises for processing agricultural products, the construction of factories for the processing of solid household waste, the organization of pipe production from oriented polyvinyl chloride.
As a result of the meeting, it was decided to study the conditions proposed by the parties to develop a final decision on financing promising projects.
The Corporate Internationalization Fund (FIEM) is a public instrument managed by the Spanish Secretary of State for Trade aimed at promoting the presence of Spanish companies and products abroad.
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