Foreign minister Urmas Paet: we wish to improve Estonian entrepreneurs’ opportunities in Central Asia
Foreign minister Urmas Paet who is on a visit to Uzbekistan with an
Estonian business delegation, said today in opening the Estonian-Uzbek
business seminar and introducing our businesses in Tashkent, that the
goal is to find new ideas to increase the volume of trade between the
two countries and to establish direct contacts to develop economic
relations between businesses.
"We see transport and logistics, as well as oil shale and the timber
industry, as possible cooperation fields, but also information
technology solutions and the food industry," Paet said. "Estonia is
offering a stable economic environment and trustworthy, top-quality and
competitive conditions, which are necessary for ensuring regular product
flow," he added.
In 2013, Uzbekistan was 61st among Estonia's trading partners and
trade turnover amounted to 10 million euros, of which the majority or
9,9 million euros, was from export. At the end of 2013, the volume of
Uzbek direct investments into Estonia totalled 3.2 million euros.
Paet reiterated that the agreement on the avoidance of double
taxation between Estonia and Uzbekistan came into force at the end of
last year. "We hope to sign an agreement on the protection of
investments as soon as possible and are also ready to enter into an
international trucking agreement," Paet said at a meeting with
Uzbekistan's Minister of Foreign Economic Affairs, Investments and Trade
Elyor Ganijev in Tashkent.
In Paet's view, Uzbeskitan's integration with the World Trade
Organization (WTO) is important and would positively affect the economic
development of the country. "We are ready to share our experiences of
joining the WTO with Uzbekistan," Paet said during his meeting with
Representatives of the following Estonian businesses are accompanying
foreign minister Paet on his visit to Uzbekistan: the Port of Tallinn;
EVR Cargo Ltd., which is Estonia's largest and the oldest railway
freight company; Andmevara Ltd., which deals with registries, databases
and information systems development, as well as the development of
integrated IT solutions; alcohol producer Liviko Ltd.; Repo Vabrikud
Ltd., which manufactures components for the furniture industry (veneer,
plywood, panels and boards); FE Metal Works LLC, which manufactures
metal constructions for mechanical engineering and building; Morbela
LLC, which supplies Mobil lubricants for vehicles; real estate firm Port
Arthur Group LLC and Neiser Group LLC, in furniture sales.
Members of the Estonian Chamber of Commerce and Industry and Enterprise Estonia are also part of the delegation.
Foreign minister Paet will also meet with Uzbekistan's Foreign Minister Abdulaziz Kamilov in Tashkent.