MINSK, June 18th, /Dunyo IA/. Head of the Department of the Economic Analysis of the Belarusian Institute of Strategic Research Iryna Rusak shared the opinion with the Dunio Information Agency about the V Tashkent International Investment Forum held in the Uzbekistan capital from the 16th to 18th of June.
“The Tashkent International Investment Forum for the five years has become one of the most advanced platforms in Central Asia for the global investors.”
The announced topics of the event — from the renewable energy and infrastructure to the industry sector, agricultural complex, digital economy and logistics — reflect the extension of the Eurasian investment integration agenda.
The Belarusian analysts are interested in the experience of creating and functioning of the forum as the world-level platform. Therefore, if in 2022 his platform gathered the delegates from 56 countries, then this year the amount of the participants included more than 60 governmental delegations from almost 100 countries. It is expected that the capitalisation of the forum this year will exceed the results of 2025, when the agreements and commercial contracts in the amount of 30.5 billion US dollars.
Today, our institute as a member of the Consortium of SCO Economic Analytical Centres participates in the preparation of the annual report on the topic “The Development of the E-Commerce in the State Members of the SCO as a Factor of Strengthening of the Regional Economic Cooperation in the Conditions of Global Challaenges.” Its preliminary results show that the investment interaction reached an absolutely new level today.
According to the Institute of Strategic and Interregional Research data, in the scales of Central Asia, for the last years, the amount of the foreign investments accrued almost in 3 times. The industry sector is growing at a pace of 6 per cent, the export on the foreign markets increased 2 times.
The Belarusian Institute of Strategic Research also carefully explores the Uzbekistan experience beyond the implementation of the large-scale program of privatisation and modernisation of the industrial sector, energy sphere and so on.
In this connection it is important to specify the existence of the cooperation connections of Belarus and Uzbekistan. It would be significant to focus on the little positioned achievements in the informational space — stock tradings and digital currencies. Uzbekistan is an active participant in trade on the Belarusian Commodity Exchange. Today, the analytical assessment of the further potential of using cryptocurrencies for transborder transactions. These are the examples of using the new instruments of interaction in the economy of two states.
Uzbekistan, as an EAEU observer, is familiar with the processes of e-commerce commodity customs administration and all the processes regarding the extension of the sales conditions and investment on the EAEU market, where Belarus is an active participant and an initiator of many harmonisation processes.
Today, Uzbekistan is one of the most promising platforms for the Belarusian goods and services export as well as for long-term investment cooperation. The stable economy growth, young population, the social request for modernisation make the market attractive for Belarusian producers of equipment, food, building materials, medical goods sphere, IT and educational services.
There is a lot in common between the Belarusian and Uzbek special taxation scheme, which is a growth point for opening joint assembly factories and some kind of institutional legal guarantee for the collaborative capital investment in the economy of both one and another country.
Therefore, the Tashkent International Investment Forum records the new architecture of the investment partnership and becomes an attractive platform for the international players.