Business

As previously reported, in February 2018, Uzbekistan – China JV Silk Road International was established with participation of Urta Osiyo Trans Joint Stock Company, the main activity of which is organization of cargo transportation along the new transport corridor Tashkent – Andijan – Osh – Irkeshtam – Kashgar (China) and back.

On June 12, the President of the Republic of Uzbekistan Shavkat Mirziyoyev arrived in Fergana region to become familiar with construction activities, major projects, as well as to conduct dialogue with people.

The 8th Annual Investment Meeting (AIM), under the theme “Linking Developed and Emerging Markets through Foreign Direct Investment: Partnerships for Inclusive Growth and Sustainable Development”, started yesterday in Dubai, UAE.

II International fruit and vegetable fair will be held in Tashkent on September 6-8, 2017.

The funds were channeled to a variety of investment projects and to support the real economy.

The measures directed at the modernization of capacities and establishment of production of new goods have been underway in the domestic industry, making a positive effect on the competitiveness of the national economy in an open market. Cooperation among enterprises of the real economy and small businesses remains as the key mechanism to achieve these objectives, as it was noted by participants of the International Industrial Fair and Cooperation Exchange (IIFCE) that wrapped up recently in the capital Tashkent.

Productive forces are the combination of the mean of production with human labour power aimed at creating material wealth and other values. They are treated also as the individual (human) and material factors interrelated and interacting in creative process. They characterize "image", aspect of one or another economic system, determine power of the state. Therefore the level of development of productive forces is considered to be the most important estimative criterion of economy development level and an indicator of social progress.

International fruit and vegetable fair kicks off at UzExpoCentre The fair, organized in line with the resolution of the First President of our country Islam Karimov on measures to organize and conduct annual International fruit and vegetable fair by Uzbekoziqovqatholding, Uzvinosanoat-holding, Uzbekoziqovqatzahira holding companies, Uzagroexport foreign trade company and Xalqaro meva-savzavot yarmarkasi direksiyasi LLC, is attended by domestic companies, specialized in growing, processing and export of fruit and vegetable products.

Thanks to the profound structural changes carried out in national economy, implementation of large-scale programs the basis for development of new industries is created. Thus, the food industry was really formed in days of independence, having turned into a high-tech industry. And as result scopes of supply to the population of quality consumer goods increase year by year, food security of the republic is being ensured.

Current economic conditions pose new challenges to developing countries. The global economy has made the world open to goods from any country, with quality and efficiency as criteria for passing.