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News

27.10.2015

Business mission for Russian companies exporting to Uzbekistan organised by Ministry of Economic Development, Trade representative office and EXIAR

On 27 October 2015, Tashkent hosted a business mission of Russian exporters. The event, which aims to promote Russian goods and services on the Uzbek market, was timed to coincide with the country’s International Industrial Fair and Cooperation Exchange. The business mission was organised by the Ministry of Economic Development of the Russian Federation, the Russian Trade Representative Office in the Republic of Uzbekistan and the Export Insurance Agency of Russia (EXIAR), with the support of the Chamber of Commerce and Industry of the Republic of Uzbekistan. This was the second such event to be held in the country, with the first taking place in 2013.

The event’s plenary session was attended by Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Uzbekistan Vladimir Tyurdenev; Deputy Chair of the Chamber of Commerce and Industry of the Republic of Uzbekistan Nazira Dadakhanova; Trade Representative of the Russian Federation to Uzbekistan Andrei Mokrousov; Managing Director for Customer Relations and Underwriting at EXIAR Nikita Gusakov; Regional Representative of the Chamber of Commerce and Industry of Russia in Central Asia Viktor Zhigulin; and Executive Director of the Fund for the Support of Exports of Small Businesses and Private Entrepreneurship Jahongir Mustafaev. Other participants in the session included heads of some of Uzbekistan’s key state companies: Uzmedtekhnika, Uzbekenergo, Agrotehtamir, Uzprommashimpeks, and Uzvneshtrans.


More than 20 Russian companies formed part of the business mission, including Azia-Invest, Bresler Research Centre, Dushka-Otdushka, the Zlatoust Machine-Building Plant, Inter RAO Engineering, Research Centre, Klever, Krastsvetmet, STD Levad+7, the Noginsk Fuel Equipment Plant, Optovik, Proizvodstvo Selmash, Remmash, Rosagromash, Schwank, the Siberian Innovation Centre, Selmash, Sun Innovation, the Karpov Chemical Plant, and Elkam-Neftemash. Representatives of Rosagromash, Elkam-Neftemash, Azia-Invest, the Karpov Chemical Plant, the Zlatoust Machine-Building Plant, and Schwank gave brief presentations on their respective companies’ activities, products and services.

The event continued with a series of bilateral meetings as part of a networking initiative, where representatives of Uzbek and Russian companies conducted detailed discussions on potential areas for cooperation. More than 30 Uzbek companies took part in the business mission.


Speaking at the event, Managing Director for Customer Relations and Underwriting at EXIAR Nikita Gusakov noted that “Uzbekistan is one of Russia’s most important trading partners in Central Asia. Trade turnover between our countries amounted to USD 4 billion in 2014. The objective of this business mission is to support these historically close ties, and bring them to a new level. The first export contract to Uzbekistan which EXIAR insured was back in 2013. Since then, the agency has attracted numerous Russian exporters as its customers who play an active role in the Uzbek market. These include Severstal, MMK, GAZ Group, KAMAZ, Sodrugestvo Group, Agroprodukt and others. The total value of projects insured by EXIAR is USD 200 million, with projects in the works spanning a range of sectors: agriculture, metallurgy and chemical manufacturing.” In addition, Gusakov drew attention to the fact that EXIAR is actively cooperating with Uzbekistan’s leading financial institutions.

The Russian Agency for Export Credit and Investment Insurance (EXIAR) was established in 2011. EXIAR's mission is to support Russian high-tech exports by insuring export credits against commercial and political risks, as well as Russian investments abroad against political risks. Vnesheconombank is the sole shareholder of EXIAR. The agency's charter capital is RUB 31 billion. Eximbank of Russia is a subsidiary of the agency. Since 2012, EXIAR has provided financial support in helping to organise and hold 12 business missions in priority countries (Brazil, India [2], Kazakhstan [2], Uzbekistan, Germany, Kyrgyzstan, Vietnam, Armenia, Turkey and Azerbaijan). As a result of these business missions, over 25 agreements have been signed for joint projects between Russian and foreign participants.

EXIAR communications department