Polish-Uzbek economic ties re-ignited after long break

The Polish-Uzbekistani Intergovernmental Commission for Economic Cooperation took place 14 April.

Uzbekistan is developing rapidly. Thanks to better communication at the government level, the chances of Polish entrepreneurs in this market increase.

Uzbekistan is an important and prospective economic partner of Poland in Central Asia. The main advantages of this country are a dynamic and young society, rich natural resources and the determination of the authorities to improve the investment climate, said Robert Tomanek, Deputy Minister of Development, Labor and Technology. These words were spoken at the meeting of the Polish-Uzbekistani Intergovernmental Commission for Economic Cooperation, which met after many years of break on April 14 this year.

Uzbek partners value such signs of interest in their country, which may translate into the success of Polish companies on this most populous market in Central Asia. The opportunity to enter it is provided by the ambitious privatization program adopted last year by Tashkent, the reforms liberalizing the economy and Uzbekistan’s increasingly better embeddedness in international structures. Poland supports Uzbekistan’s efforts to join the World Trade Organization and to expand its cooperation with the EU.

Grzegorz Słomkowski, vice-president of the Polish Investment and Trade Agency (PAIH), points out that quick reforms create opportunities for deepening Polish-Uzbek economic cooperation in a number of areas. Firstly, supplies to the Uzbek market of production technologies for both industry and agriculture seem attractive. Secondly, it is worth paying attention to the possibility of exporting specialized turnkey construction services, such as the construction and equipment of medical facilities. The third major area of ​​cooperation should be the participation of Polish companies in Uzbek digitization projects, especially in the field of financial services (fintech) or smart city management. The fourth field important for Uzbekistan are ecological projects related to water management and waste management. At the same time, it was emphasized during the Committee’s deliberations that PAIH does not limit the cooperation potential only to the indicated industries.

Uzbekistan, however, may be a demanding market for many entrepreneurs. That is why, on the initiative of the Ministry of Development, Labor and Technology, it was decided to launch a Polish-Uzbek cooperation format that would operate on a continuous basis, which would enable entrepreneurs to signal the needs and problems of cooperation between Poland and Uzbekistan to one address. On the Polish side, the structure will be coordinated by the Ministry of Development, Labor and Technology and PAiH. As Deputy Minister Tomanek stated, “in the near future, as part of this mechanism, we will provide the Uzbek side with a list of the commercial and investment projects undertaken and planned for implementation by Polish entrepreneurs in Uzbekistan”.


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