Exports Minister Lord Offord is in Uzbekistan to expand on UK-Uzbek relations and find untapped business opportunities.
With the wider Central Asian region expected to grow by 5.4 per cent in 2024, Uzbekistan offers clear and tangible opportunities for UK businesses.
During a three-day mission to Uzbekistan, the Minister will meet government counterparts and business leaders and focus on infrastructure and mining opportunities for UK exports to boost our trade relationship.
Lord Offord will also visit Almalyk Mine and gold processing facility to identify areas for UK cooperation and export. Mining in Uzbekistan offers huge opportunities to the UK market with the world’s fourth-largest gold reserves and its position amongst the top 15 countries with the largest copper reserves. The UK’s world-leading expertise in clean energy can help to influence the transition to a cleaner, greener mining future.
In addition to promoting UK exports, a key objective of the mission is to protect free trade and the UK is proud to support Uzbekistan’s accession to the World Trade Organisation.
Exports Minister Lord Offord said:
“Uzbekistan is a growing market full of untapped business opportunities. The UK’s total trade with Uzbekistan sits at just £267m, so this visit is our chance to uncover where UK exports can tap into the Uzbek market – driving growth and creating jobs both at home and abroad.”
Lord Offord will highlight how UK Export Finance – the UK’s export credit agency – can help mobilise finance and promote the strengths of UK businesses in priority economic and social sectors, supporting critical projects in clean energy, transport, healthcare, education, and manufacturing.
The Minister is set to meet with Uzbek Deputy Prime Minister and Minister for Finance and Economy, Jamshid Kuchkarov Laziz Kudratov, Uzbek Minister of Investment Industry and Trade, Laziz Kudratov, and Uzbek Foreign Minister, Bakhtiyor Saidov.
Lord Offord will also hold meetings with Azizbek Urunov, Special Representative of the President for the WTO, Chief Negotiator and Abdulla Khursanov, Chairman of Almalyk MMC.