An Action Plan was signed to enhance economic cooperation between Uzbekistan’s Ministry of Investment, Industry, and Trade (MIIT) and the UK’s Department for Services, Small Business, and Export. Additionally, a Memorandum of Understanding was concluded on collaboration in the critical minerals sector. These agreements were part of the official visit to London by a high-level Uzbek delegation, led by Minister of Investment, Industry, and Trade Laziz Kudratov.

During their stay, the Uzbek delegation participated in the “Days of Investment Potential of Uzbekistan” event, which brought together key British entrepreneurs and investors. The event provided a platform for discussions on expanding bilateral cooperation, with the delegation holding several meetings with the heads of major British companies interested in investment opportunities in Uzbekistan.

At the first meeting of the Joint Economic Committee, both sides discussed various areas of cooperation, including banking and finance, transport and logistics, critical minerals mining, information technology, and infrastructure. In banking and finance, the discussion focused on developing investment mechanisms and attracting international capital. 

For transport and logistics, the emphasis was placed on improving infrastructure and expanding international routes. The critical minerals mining sector was highlighted with a focus on joint projects in exploration and extraction. Information technology was another priority, aiming to drive the digitalization of Uzbekistan’s economy with the implementation of advanced solutions. 

Additionally, the modernization of industrial facilities and the construction of new infrastructure were identified as essential for Uzbekistan’s economic growth.

In addition to the Joint Economic Committee meeting, the delegation held bilateral talks with prominent British corporations, including Standard Chartered Bank, United Green Group, International Hospitals Group, and Landers Mining. 

These discussions covered a variety of investment initiatives, such as introducing modern technologies into Uzbekistan’s agro-industrial sector, enhancing the export potential of Uzbek agricultural products, and cooperation in the construction and modernization of medical institutions. 

The banking sector was also discussed, focusing on attracting investments and expanding business lending. In mining, opportunities for collaboration in the extraction of rare earth metals and other valuable resources were explored.