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Thursday, 8 May 2014

Call to improve Uzbekistan ties

TASHKENT: Deputy Prime Minister Tan Sri Muhyiddin Yassin has called for closer collaboration between Malaysia and Uzbekistan in fields such as oil and gas, logistics and infrastructure.

He said other areas that could be of interest to both Malaysian and Uzbekistan business communities were construction, town planning and education.

In his remarks at the business roundtable meeting with captains of industry from both countries here yesterday, he said Malaysia was also keen to increase direct exports to this landlocked Central Asian republic.

“This will make the products more competitively priced in your market,” Muhyiddin said, noting that some of the products like consumer electronics and electrical items imported into Uzbekistan through a third party were Made-in-Malaysia items.

He drove home the point that Malaysia, the sixth most competitive among 189 economies in the world and among the top 20% of global trade-enabled economies, was a reliable trading partner for Uzbekistan.

Touting Malaysia’s prowess, Muhyiddin said: “We’re a global leader in terms of exports for 32 product lines which include semiconductors and medical disposables and devices.

“We also provide world-class services in terms of healthcare, education, information and communications technology, oil and gas as well as engineering services.”

Last year, bilateral trade between Malaysia and Uzbekistan amounted to US$71.46mil (RM232.17mil), with Malaysian exports valued at US$69.83mil (RM226.56mil).

Muhyiddin said Uzbekistan was welcome to promote its products and use Malaysia as a launching pad, especially to gain access to the 600 million Asean market, by visiting and participating in major trade fairs in Malaysia.

The roundtable session took place on the final day of Muhyiddin’s four-day official visit to Uzbekistan, which was attended by Uzbekistan’s Foreign Economic Relations, Investment and Trade Minister Elyor Ganiev. — Bernama

Tags / Keywords: Health , muhyiddin yassin , tashkent


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