On the eve of the visit of the President of the Republic of Uzbekistan to Germany on January 14, 2019, a business forum was held in Berlin with the participation of Uzbek and German business circles.
The event aroused great interest among the German business community. The leaders of more than 200 flagship German companies from various sectors of the economy, including Deutsche Bank, Commerzbank, Claas, Lufthansa, Knauf Group, Siemens, MAN and others, visited the forum.
During the event, panel sessions were held on the disclosure of investment potential and conditions provided to foreign companies for entering the Uzbek market, as well as individual negotiations were organized between Uzbek and German entrepreneurs in the B2B format.
A delegation of the Chamber of Commerce and Industry of companies representing sectors such as agriculture, engineering, consulting, logistics, textile, food, chemical, mining and metallurgy, glass industry, participated in this forum.
Also at the event, an Agreement on Cooperation between the Chamber of Commerce and Industry of Uzbekistan and the Association of the Chamber of Commerce and Industry of Germany was signed, providing for the adoption of joint measures to strengthen interaction between Uzbek and German companies, as well as the exchange of experience in the development of the system of chambers of commerce. The Association of the Chamber of Commerce and Industry of Germany is the largest union of entrepreneurs and unites 80 territorial chambers of commerce and industry in Germany, as well as 130 representative offices in 90 countries of the world.
As a result of the forum, agreements on the implementation of projects totaling over 4 billion US dollars were signed.
At the end of 2018, the trade turnover between Uzbekistan and Germany amounted to $ 772 million, showing an increase of 24.5% compared with 2017. At the same time, exports from Uzbekistan to the Federal Republic of Germany, the bulk of which is accounted for services and food products, increased by 44.6%, reaching $ 46.9 million. Imports from Germany amounted to US $ 725 million, 76% of which comes from the purchase of equipment.
Information Service of the Chamber of Commerce and Industry of the Republic of Uzbekistan