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The AgroExpo Uzbekistan 2021 exhibition, held in Tashkent, featured a panel "Russia and Uzbekistan: Developing mutually beneficial cooperation in agriculture", which was attended by representatives of Russian companies, Uzbek state and public structures, exhibitors and visitors.

Oleg Malginov, Ambassador of the Russian Federation to the Republic of Uzbekistan, addressed to the Russian exhibitors, their Uzbek partners and all the participants of the panel. He noted that the leadership of both countries attaches great importance to the development of Russian-Uzbek agricultural cooperation. The Ambassador stressed that in case Uzbekistan joins the EAEU, new prospects will open for our countries.

Mariya Elkina, Director of the Department of Agricultural, Food and Road and Construction Machine-Building of the Russian Ministry of Industry and Trade, in her speech presented to the panel participants a new promising mechanism to support exporters - "buy-back", which makes Russian machinery more attractive for purchase by the Uzbek partners. This mechanism reduces the price of machinery by almost 15% and significantly reduces the risks of importers

Dmitry Dynnikov, Deputy Trade Representative of the Russian Federation in the Republic of Uzbekistan, made a detailed analytical review of the current state and further prospects of cooperation between Russia and Uzbekistan in the agricultural sector.

Pavel Bukhanov, Head of the Representative Office of the Russian Export Centre in Uzbekistan, spoke about the existing state support measures for the export of Russian agricultural machinery to Uzbekistan. He gave practical advice to exporting companies on how to take advantage of existing opportunities and how to work in Central Asian markets.

The speech of Nodir Otazhonov, Chairman of the Board of the Uzagroleasing Company, aroused great interest. He stressed that Uzbekistan has a huge potential for agricultural development in terms of application of modern technologies and in terms of entering export markets with high quality agricultural products. In addition to exporting finished agricultural products, Uzbekistan sees the prospect of entering other countries and organising joint production of agricultural products. In conclusion, Nodir Otazhonov addressed to the panel participants: "We are open for the dialogue, for specific proposals from REC in implementation of financing of deals. We should jointly develop the most effective schemes of project financing and, if possible, reduce the period of their consideration, so that it would not take more than three months".

Speaking at the panel, Botur Yusupov, Deputy General Director of Uzbek Leasing, told about implemented projects to finance meat and dairy product processing equipment, transportation of finished products, machinery for agricultural clusters, including tractors, seeders and other attached equipment. "We can finance large projects with the help of EXIAR, with which we have established cooperation," he said.

Andrey Kolesnikov, Director of Sales to Asian Markets at Rostselmash, shared the company's experience in entering the Uzbek market and in localising production of the most popular machinery models in the country. His presentation raised many questions from the Russian participants, who have plans to conquer the Uzbek market.

Bakhtier Kholboev, Head of the Department for Support to Manufacturers of Medicinal Plants and Spices of the Chamber of Commerce and Industry of Uzbekistan, spoke about measures to support small business in the agricultural sector and their impact on the purchase of agricultural machinery by private farmers and dekhkan farms.

At the end of the panel, all participants thanked the speakers and organisers of the event - the Russian Ministry of Industry and Trade and EXPOCENTRE AO - for the opportunity to gain new important business contacts and useful first-hand information, and to meet personally with key figures in the Uzbek market.