The agreement was signed within the visit of the delegation of Chamber of Commerce and Industry of Krasnodar region to Uzbekistan. The visit, which was held on 8-9 November 2012, was organized for further developing trade-economic and investment cooperation among Uzbek and Russian businesses.

The visit was aimed at developing trade-economic cooperation among Uzbek and Russian business circles, establishing direct mutual contacts with the Uzbek entrepreneurs, discussing perspectives of bilateral cooperation.

Within the visit, representatives of the Chambers of Commerce and Industry of Uzbekistan and Krasnodar region held negotiations. The sides exchanged opinion on mutual cooperation on strengthening mutual beneficial cooperation among business circles of two states.