During the visit of Dmitry Kozak to Uzbekistan, the Fourteenth session of intergovernmental commission on economic cooperation between Uzbekistan and Russia has been held in Tashkent, UzA reported.

Welcoming the guests, Uzbek President said that the commission is directed at developing economic relations between two states and help to create more favourable conditions for cooperation.

At negotiations at Oqsaroy, the sides exchanged opinion on further developing economic cooperation between two states.

Kozak expressed gratitude to the Uzbek President for reception and said Uzbekistan is interested in gradual development of relations with Uzbekistan in trade-economic and investment sectors.

Russia is largest trade partner of Uzbekistan. Trade turnover between Uzbekistan and Russia made up US$6.688 billion in 2011. In nine months of 2012, trade turnover between two states hit US$5.58 billion.

Currently, there are 858 enterprises in Uzbekistan with Russian capital, of which 716 enterprises are joint ventures and 142 foreign companies with 100% Russian capital.