Great Britain announces allocation of new funds for development of trade with Uzbekistan

At the meeting, Director General for Exports and UK Trade, Andrew Mitchell, announced that new funds will be allocated for the development of trade relations and that the UK will further support Uzbekistan’s accession to the WTO. Following the meeting, the parties signed a bilateral action plan.

In 2021, the total volume of trade between the UK and Uzbekistan doubled and currently stands at nearly $0.5 billion. 126 British business representatives from 73 different companies participated in the 26th meeting of UBTIC.

“I am very proud of what our countries have done together, but we should not stop here. UBTIC provides us with an excellent platform to further develop and deepen our trade relations. We can achieve this by working together on Uzbekistan’s WTO accession, expanding our support for economic and political reforms and maximizing the benefits of the Generalized System of Preferences,” said Kenan Poleo, Consul General and Trade Commissioner for Eastern Europe and Central Asia.