Uzbekistan and Singapore will launch a joint innovative partnership program

On August 28, President of Uzbekistan Shavkat Mirziyoyev received a delegation from Singapore led by Senior Minister Lee Hsien Loong. The parties discussed expanding bilateral cooperation, investment interaction, technology transfer, and digitalization.

Lee Hsien Loong conveyed greetings from President of Singapore Tharman Shanmugaratnam and Prime Minister Lawrence Wong to Mirziyoyev.

The parties noted the positive dynamics of Uzbek-Singapore relations, including the development of political dialogue and contacts at various levels, as well as the growth in mutual trade volume and the number of joint ventures.

Singaporean investments in the Uzbek economy have reached approximately $2 billion. The parties agreed to intensify investment activities by Singaporean businesses in the country.

The parties agreed to develop a joint medium-term Program of Strategic and Innovative Partnership, which will cover cooperation in trade, investments, technology transfer, modernization of public administration, human capital development, and digitalization.

The parties discussed applying Singapore's experience in developing special economic zones in Uzbekistan, as well as the development of the Tashkent International Financial Centre and digital banking.

The meeting participants supported the activities of Singaporean higher education institutions in Uzbekistan and emphasized the need to establish regular direct dialogue between the relevant political and economic structures of the two countries to assess the implementation of agreements and coordinate joint plans.

Uzbekistan recently acceded to the Singapore Convention on Mediation, a step welcomed by both sides.

Source: president.uz