Uzbekistan and Germany will expand bilateral cooperation. Both countries came to an agreement on investments, three framework agreements and six export contracts. Both sides also discussed issues of increasing exports of finished textile products to the European market. The countries want to use the full potential of economic cooperation. Germany’s economic ties with Uzbekistan are modest.

During the negotiations, issues of developing a program of technical assistance and the transfer of knowledge in the field of textile production, design, dyeing, finishing were discussed. Germany remains one of the main trade and economic partners of Uzbekistan in Europe. Germany stands seventh in overall commodity turnover of Uzbekistan with other countries in 2016.

The main indicators of mutual trade turnover fell for Germany (almost 90 per cent). The main reasons for the low turnover growth rates are conversion, bureaucratic obstacles and legal security.

As many as 123 enterprises operate in Uzbekistan with the participation of German companies, capital and advanced technologies. Large investment projects involving German banks are being implemented in various sectors of the economy. Investment projects for a total of more than a billion euro have been implemented in Uzbekistan jointly with German leading companies.