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Uzbekistan, Tajikistan may enter new markets under single brand

13 October 2017

Tajikistan offers Uzbekistan to enter new markets under a single joint brand.

This would allow the two countries to achieve success in trade and economic cooperation, according to the chairman of the Tajik Chamber of Commerce and Industry Sharif Said, podrobno.uz reported.

Today, the volumes of bilateral trade between the countries are unsatisfactory, despite the dynamics of growth of these indicators in recent years, he noted.

"To achieve this goal, we could use modern methods such as e-commerce, leasing, the creation of joint innovation productions, and in this way to enter the markets of other countries under the joint brand ‘Tajikistan-Uzbekistan’, using the privileges and preferences of the existing free economic zones," the chairman said at the business forum in Tashkent.

He believes that Uzbek entrepreneurs, using this potential, can significantly increase their share and investment activity in Tajikistan.

"The opportunities for cooperation are large, but they do not meet all the requirements yet, and we must effectively use all resources and opportunities to strengthen trade and economic relations between the business communities of our countries," Said noted.

A business forum of the two countries was held within the framework of the Tajik National Exhibition of Products. Representatives of ministries and companies responsible for such spheres as light industry, power engineering, machine building, metallurgy, automotive industry, transport and logistics, food, chemical industry, construction materials, agriculture and tourism participated in the forum.

Following the event, promising agreements were reached to develop cooperation in the fields of the chemical industry, transport communications, light industry, agriculture, tourism and industrial production.

Currently 24 enterprises with the participation of Tajik capital, including one with one hundred percent foreign investment, operate in Uzbekistan. At the same time, 9 enterprises were created on the territory of Tajikistan with the participation of Uzbek residents.

In the first nine months of the current year, the Uzbek-Tajik trade reached a mark of $178.2 million. The Trade House of Uzbekistan was opened in Dushanbe in June.

In 2016, the trade turnover between the two countries hit $69 million, which is almost 6 times more than in 2015.