Jamshid Khodjaev and Sainbuyangiin Amarsaikhan. Photo: the Chamber of Commerce and Industry of Uzbekistan
On the eve of Uzbek President Shavkat Mirziyoyev’s state visit to Mongolia, Ulaanbaatar hosted an Uzbek-Mongolian business forum, the Chamber of Commerce and Industry of Uzbekistan reported.
The event brought together more than 300 participants representing ministries, government agencies, regional administrations, and businesses from both countries. The Uzbek delegation was led by Deputy Prime Minister Jamshid Khodjaev, while Mongolia’s delegation was headed by Deputy Prime Minister Sainbuyangiin Amarsaikhan.
During the forum, Uzbekistan’s recent economic achievements were highlighted. The country’s GDP exceeded $100 billion for the first time in 2024, with a growth rate of 6.5 percent, while foreign direct investment surpassed $70 billion. Davron Vakhabov, Chairman of Uzbekistan’s Chamber of Commerce and Industry, reaffirmed the government’s commitment to supporting foreign investors and creating favorable conditions for joint ventures.
Key areas for cooperation were identified, including the export of fruit and vegetable products, fertilizers, construction materials, pharmaceuticals, household appliances, textiles, footwear, meat, leather, and wool goods. Representatives from the agricultural sector promoted projects focused on greenhouses, drip irrigation, and crop processing.
The forum concluded with a signing ceremony for joint projects in wool, fabric, textile, and leather production. A “Made in Uzbekistan” exhibition was also held, featuring product showcases and B2B and G2B meetings.
The following day, June 24, the official opening ceremony was held for Uzbekistan’s exhibition hall and trade center in the Mongolian capital, with Khodjaev and Amarsaikhan presiding.
The new 1,053-square-meter exhibition space presented goods from Uzbek companies operating in the textile, agricultural, leather and footwear, construction, electrical, furniture, pharmaceutical, automotive, and mining industries. The trade center aims to strengthen economic ties between the two countries and expand the export of Uzbek products to the Mongolian market.
