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Lithuanian Entrepreneurs were introduced to Business Opportunities in Uzbekistan

On December 16th Vilnius Chamber of Commerce, Industry and Crafts in partnership with Tashkent Chamber of Commerce and Industry and the Embassy of the Republic of Lithuania to the Russian Federation and the Republic of Uzbekistan organized a webinar "Business Opportunities in Uzbekistan".

The event targeted Lithuanian food and construction industries, but business opportunities in Uzbekistan also attracted a lot of interest from other busines sectors, such as transport and logistics, higher education, renewable energy, water treatment, cosmetics, producers of biological products for agriculture and other ones. Over 40 companies participated.

The webinar presented Lithuanian-Uzbek trade relations, the country’s development and export perspectives for Lithuanian food producers, building and construction companies. Also, customs rules and procedures for imported goods and public procurement procedures in Uzbekistan’s trading system were introduced. The presentations followed by number of questions relevant to various business sectors.

The Extraordinary and Plenipotentiary Ambassador of the Republic of Lithuania to the Russian Federation and to the Republic of Uzbekistan (appointed) Eitvydas Bajarūnas sincerely thanked Vilnius Chamber of Commerce and Industry, Tashkent Chamber of Commerce and Industry and the Embassy staff for initiating the event and excellent presentations.

Eitvydas Bajarūnas, the Extraordinary and Plenipotentiary Ambassador of the Republic of Lithuania to the Russian Federation and the Extraordinary and Plenipotentiary Ambassador (appointed) to the Republic of Uzbekistan

The President of Vilnius Chamber Sigitas Leonavičius also greeted the participants, stating that “this forum organized by the end of the year will be just the beginning of 2021 and an additional incentive for Lithuanian business to open new development perspectives. We are glad that the interest in Uzbekistan is growing and hope that business meetings could be organized not only virtually, but also live next year”.

Sigitas Leonavičius, the President of Vilnius Chamber of Commerce, Industry and Crafts

The Commerce Attaché Gintaras Binkauskas, one of the initiators of the event, presented the economic relations between Lithuania and Uzbekistan. According to him, “Lithuanian exports to the Central Asian region are approaching to 1 billion Eur. Reviewing the largest importers to Uzbekistan, Lithuania ranks the 8th position in 2019, but there is still room for increase as there are many other mutually beneficial opportunities”. Vilnius CCIC also informs that more than 50% of certificates of origin issued by Vilnius Chamber are issued namely to Uzbekistan.

Gintaras Binkauskas, the Commerce Attaché of the Embassy of the Republic of Lithuania to the Russian Federation and the Republic of Uzbekistan

Rustambek Baratov, the Head of Foreign Economic Relations Department of Tashkent CCI, gave a detailed overview of the peculiarities of doing business in Uzbekistan and presented a new project launched this year – a chain of Baltic Shops in Tashkent. This project is a great opportunity for Lithuanian, Latvian and Estonian food, cosmetics, and pharmaceutical manufacturers to present samples of their products and test the market before entering Uzbekistan.

 

Rustambek Baratov, the Head of Foreign Economic Relations Department at Tashkent Chamber of Commerce and Industry

 

Those who are interested in the Baltic Shops project are kindly invited to contact Deimante Vilcinskaite, Export Development Manager at Vilnius CCIC (deimante.vilcinskaite@cci.lt). We will be happy to pass on your contacts directly to Tashkent Chamber.

 

Please see below the webinar’s presentations:

Dynamics of Lithuanian-Uzbek Foreign Trade by Gintaras Binkauskas, Commerce Attaché of the Embassy of the Republic of Lithuania to the Russian Federation and the Republic of Uzbekistan

Tashkent – a City of Businessmen by Rustambek Baratov, Head of Foreign Economic Relations Department at Tashkent CCI

Food industry and Agricultural Development Perspectives in Uzbekistan by Shoxrux Tolibov, Head of the Department of Foreign Economic Activity at the Ministry of Agriculture of Uzbekistan

Construction Industry Development Prospects in Uzbekistan by Sohib Abilkasimov, Head of International Relations at AO Uzstroymaterial

Customs Rules and Procedures in Uzbekistan by Arsen Ayrapetyanc, President of the Association of Customs Brokers

Overview of Uzbekistan 's Foreign Economic Activity

Our Experience in Uzbekistan by Ana Krupichevich, Director of UAB Fleur Alpine

Moments captured during the event see in the photo gallery below.

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