Interstate Council of Eurasian Economic Community (EurAsEC) will meet on 25 January. EurAsEC is planning to ink an agreement on encouraging and protecting investments, BelTA reported.
Islamabad Chamber of Commerce and Industry President Ijaz Abbasi said on Wednesday that Pakistan would make all-out efforts to improve economic and trade relations with Uzbekistan. Taking to Uzbek ambassador to Pakistan Oybek Usmanov, Ijaz said Pakistan’s economy was rapidly growing due to which its energy needs were increasing at 10% per annum, Business Recorder reported.
Uzbekistan has reduced gas supplies to Tajikistan. The cause of the reduction is gas supplies is the Tojikgaz [Tajik gas] state unitary enterprise’s debt to the Uztransgaz [Uzbek gas transportation] joint-stock company, which amounts to US$7 million, Director-General of the Tojikgaz state unitary enterprise Fathiddin Muhsiddinov told the Asia-Plus news agency.
Trade between Russia and Uzbekistan grew by 40% to reach US$4.2 billion in 2007, Russia’s ambassador to Uzbekistan said on Wednesday, RIA Novosti reported.
Uzbek President Islam Karimov signed an order to approve list of 17 investment projects, which will be financed due to resources of the Arabian Coordination Group (AGC), local Uzbek website reported.
Agromashholding OJSC concluded a contract with SAC Uzprommashimpeks, under which Uzbek agrarians will receive 300 VT-150 D tractors in January-February 2008.
UzDaewoAuto, Uzbek carmaker located in Asaka of Andijan region, increase car production by 26.5% year-on-year to 159,419 units in January-November 2007, Uzbek State Statistic Committee said.
Rus-Uzbekteks, Uzbek-Russian joint ventures, opened in Rishtan district of Ferghana region, UzA reported. It added that the venture will produce yarn.