TASHKENT: President of Uzbekistan Shavkat Mirziyoyev Thursday proposed to organise an interregional industrial exhibition within the framework of the Economic Cooperation Organisation (ECO) and hold its first event in its country in 2024.
“Our vast region, which is home to half a billion people, has a great potential for developing cooperation in trade, economy, industry, investment, innovation and transport,” President Shavkat Mirziyoyev, said in a speech at the ECO summit.
He said it was important to “fully utilise the potential of transcontinental transport corridors that pass through our territories and link us with major markets in the Asia-Pacific region, South Asia, the Middle East, and Europe.”
According to him, Uzbekistan has developed and submitted to the ECO Secretariat a program of joint actions to increase the inflow of mutual investments, protect them and deepen industrial cooperation.
He noted that the document is aimed at promoting new joint projects in the chemical, energy, geological, textile, leather and footwear, food, pharmaceutical and construction industries.
Furthermore, Mirziyoyev noted that the importance of harmonising national energy strategies, the development of interregional energy transmission networks, and the widespread introduction of green energy technologies is also increasing.
The Economic Cooperation Organisation (ECO) is a regional intergovernmental organisation that brings together Asian and Middle Eastern countries to promote economic cooperation, trade and investment development, and to strengthen political and cultural ties among members.
He famous that primarily based on an in-depth evaluation of the nice alternatives that haven’t but been realised, it’s time to develop an idea doc strategic targets of financial cooperation till 2035, which is able to establish future precedence areas and sectors
of ECO actions.
Furthermore, Mirziyoyev added that final 12 months the amount of commerce between the international locations of the Economic Cooperation Organisation amounted to about $85 billion.
The Economic Cooperation Organisation (ECO) is a regional intergovernmental group that brings collectively Asian and Middle Eastern international locations to advertise financial cooperation, commerce and funding improvement, and to strengthen political and cultural
ties amongst members.
