BAKU, Azerbaijan, May 24. The UK is interested in investing in major projects in various fields in Uzbekistan, Tim Reid, Chief Executive of UK Export Finance (UKEF), said, Trend reports.
He made the remark at the meeting with Laziz Kudratov, Minister of Investments, Industry, and Trade of Uzbekistan.
The UK is eager to participate in the implementation of roads construction, solar and wind power plants projects, as well as mining and minerals processing.
During the meeting, the sides noted that the volume of bilateral trade between Uzbekistan and the UK doubled over the last year.
Uzbekistan-UK trade turnover in 2021 reached just under $500 million. In 2021, Uzbekistan became the first country admitted into the UK’s Enhanced Framework GSP, which is now called the Developing Countries Trading Scheme (DCTS). This allowed 92 percent of goods made in Uzbekistan to be exported to the UK at zero tariff rate.
Over the recent years, the number of enterprises with British capital in Uzbekistan has increased to 338, of which 215 are joint ventures and 123 are enterprises with 100 percent British capital.
