Uzbek, Singaporean presidents discuss prospects for expansion of economic cooperation

Uzbek President Shavkat Mirziyoyev on Wednesday discussed prospects for the expansion of economic cooperation with his Singaporean counterpart Halimah Yacob, who arrived in Tashkent on a landmark official visit.

'During the negotiations, great attention was paid to the issues of further strengthening political dialogue and inter-parliamentary relations, mutual support within the framework of international organizations … and the intensification of contacts in the field of public security and cultural and humanitarian exchanges,' a statement by the Uzbek presidency read.

The presidents highlighted great progress in bilateral trade, and investment, and economy, the statement said.

Singapore has become one of the largest investors in Uzbekistan, it added.

It further said $3.8 billion worth of projects in the chemical and textile industries, transport and logistics, urban development, and educational services are being implemented in Uzbekistan with leading Singaporean companies.

'The prospects for building up economic cooperation are substantively considered. Confidence was expressed that the results of the Uzbek-Singapore business forum as part of the business program of the visit will serve to expand investment cooperation with leading companies in such areas as trade, logistics, innovation, energy, healthcare,' it said.

Mirziyoyev and Yacob exchanged views on regional and international issues, notably highlighting the high-level understanding and mutual support between Uzbekistan and Singapore at international platforms and the process of Tashkent's accession to the World Trade Organization, it also noted.

The presidents later took part in a ceremony where the delegations of the two countries signed seven agreements on intergovernmental cooperation.

Yacob arrived in Uzbekistan on Tuesday following a visit to neighboring Kazakhstan, which marked the first-ever visit of a Singaporean president to a Central Asian nation.

Source: Anadolu Agency