The United Arab Emirates and Uzbekistan signed an agreement to amend the economic cooperation agreement and a Memorandum of Understanding (MoU) to boost economic, trade and investment cooperation. The amendment protocol was signed on Thursday by UAE Minister of Economy Sultan Al Mansouri and Uzbek First Deputy Prime Minister and Finance Minister Rustam Azimov. The MoU was signed by Al Mansouri and Uzbek Minister of Foreign Economic Relations, Investments, & Trade Elyor Ganiyev. Al Mansouri concluded his 2-day visit to Uzbekistan on Thursday. The protocol stipulates the addition of an article that allows for reciprocal treatment on customs fees and taxes on imports and exports from both the UAE and Uzbekistan as countries of origin. The amendment stipulates that it shall not be in conflict with any bilateral and international agreements and their pursuant stipulations. The MoU stipulates boosting long-term economic, trade and investment cooperation and relations between the two countries. Accordingly, the UAE and Uzbekistan will exchange data on legislations on trade, export and import, investment and economy. The two countries will additionally engage in the implementation of the current effective economic agreement signed back in March 2008 as well as in encouraging the forging of cooperation and relations between the private sectors and chambers of commerce, trade and industry.
