Uzbekistan and Russia Discuss Localization of Polymer Production

On May 26, 2024, a significant meeting took place in Tashkent, Uzbekistan, between Dilshod Rasulov, Deputy Chairman of the Chamber of Commerce and Industry of Uzbekistan, and Igor Shnurov, head of the CIS trade department of the Russian company SIBUR. This meeting aimed to strengthen business ties between Uzbekistan and Russia, particularly in the polymer production sector.

The discussions focused on promising areas of cooperation, including the localization of polymer production in Uzbekistan. Both parties expressed a strong interest in organizing joint projects that would facilitate the production of polymer products locally. This initiative is expected to boost the Uzbek economy by creating jobs and reducing dependency on imported polymers.

In addition to localizing polymer production, the meeting also explored ways to expand business cooperation between Uzbekistan and Russia. This includes organizing events that bring together representatives from Uzbek businesses involved in the processing and production of polymers. Such events aim to promote collaboration and share best practices between the two countries.

The outcome of the meeting was the decision to organize a joint event with the participation of representatives of Uzbek businesses engaged in the field of processing and production of polymers. This event is expected to be a platform for discussing potential projects and partnerships, further solidifying the business relationship between Uzbekistan and Russia.

Why this matters: This meeting has significant implications for the economic development of Uzbekistan and Russia, as it aims to strengthen business ties and reduce dependency on imported polymers. The successful localization of polymer production could lead to job creation, increased trade turnover, and a boost to the Uzbek economy.

This meeting comes at a time when Uzbek-Russian relations are on an upward trajectory, highlighted by the state visit of Russian President Vladimir Putin to Uzbekistan on the same day. During his visit, President Putin and Uzbekistan's President Shavkat Mirziyoyev discussed various aspects of their bilateral relationship, including expanding mutual trade turnover and promoting cooperation projects in different sectors of the economy.

The efforts to localize polymer production in Uzbekistan and expand business ties with Russia are part of a broader strategy to enhance economic collaboration and innovation between the two countries. Both sides are committed to supporting these initiatives, which are expected to yield significant economic benefits and strengthen the strategic partnership between Uzbekistan and Russia.

Ultimately, the meeting between Dilshod Rasulov and Igor Shnurov marks a significant milestone towards deepening economic cooperation between Uzbekistan and Russia. The focus on localizing polymer production and organizing collaborative events highlights the commitment of both countries to building a robust and mutually beneficial partnership.

Key Takeaways

• Uzbekistan and Russia aim to strengthen business ties in polymer production.
• Localization of polymer production in Uzbekistan to create jobs and reduce imports.
• Joint event planned to bring together Uzbek and Russian businesses in polymer sector.
• Meeting marks significant milestone in deepening economic cooperation between two countries.
• Efforts part of broader strategy to enhance economic collaboration and innovation.