Free conversion to significantly help Uzbekistan-Russia economic co-op

By  Trend

Introduction of free conversion in Uzbekistan removes many problems for the Russian-Uzbek economic cooperation, said Russia’s Industry and Trade Minister Denis Manturov.

Podrobno.uz news website reported that addressing the opening of an Uzbek-Russian business forum, Manturov noted that the absence of an official conversion of national currencies was a serious obstacle.

According to him, this prevented producers from planning the purchase volumes, and the decree allowing free conversion of currencies, signed by the Uzbek president, will remove all these problems.

Meanwhile, the Russian minister is confident that now the countries need to develop cooperation in high-tech sectors of their economies.

The minister also spoke about the need to create new industries in Russia and Uzbekistan. As the priority sectors of such cooperation, he pointed out the automotive industry, agricultural machinery, and others.