Uzbekistan and Iraq Strengthen Economic Partnership in Samarkand
Uzbekistan and Iraq have deepened their economic partnership through the Uzbek-Iraqi Investment and Business Forum held in Samarkand. This significant event attracted over 400 entrepreneurs and business leaders from both nations.
Highlights of the Uzbek-Iraqi Forum in Samarkand
Senior officials from various ministries and agencies participated in the forum, alongside representatives from chambers of commerce and industry associations. The Caspian Post reported that the forum aligns with the directives of Uzbekistan’s President, Shavkat Mirziyoyev. These directives were issued during a session of the Samarkand Regional Council of People’s Deputies.
Goals of the Economic Partnership
- Expand access to foreign markets
- Boost exports
- Strengthen industrial cooperation
Discussions at the forum emphasized transitioning from initial contacts to more concrete and structured collaborations. Both Uzbek and Iraqi business communities expressed readiness to implement specific trade, economic, and investment projects.
Focus on Business-to-Business Cooperation
A key aspect of the forum was enhancing business-to-business (B2B) connections. Participants agreed on the importance of regular interactions and reciprocal business missions. They also discussed developing cooperative initiatives to support mutual growth.
Outcomes of the Forum
During the forum, several B2B meetings took place, resulting in the signing of multiple agreements and contracts. These documents aim to facilitate joint projects and enhance bilateral trade and economic relations between Uzbekistan and Iraq.
This forum marks a pivotal moment in the strengthening of economic ties between the two nations, showcasing a commitment to fostering trade and investment opportunities.
