UAE, Uzbekistan agree to boost economic ties

Tashkent, June 14, SPA -- The United Arab Emirates and Uzbekistan has
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 during the weekend 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 has concluded his 2-day visit to Uzbekistan, according
to a report of the UAE news agency "WAM" published today by Saudi
Gazette.

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.

--SPA