His Excellency Ambassador Eduards Stiprais, Head of the EU Delegation to Uzbekistan, was the honorary speaker at the January Monthly Meeting.
The event was opened by AmCham Vice President, Tõnu Grünberg. In his opening remarks, Mr Grünberg looks forward to what promises to be a very successful year for AmCham, highlighting AmCham members, and the challenges and opportunities currently taking place in Uzbekistan.
As the honorary speaker, the Head of the EU Delegation covered various issues of bilateral trade and investment relations between the EU and Uzbekistan. Bilateral trade between the EU and Uzbekistan reached EUR 1,793 million in 2015. Imports from EU Member States were worth EUR 1,546 mln, while exports to these countries totaled EUR 246 million.
Ambassador Stiprais also spoke of the EU's Generalized System of Preferences (GSP), which grants developing countries non-reciprocal access to the European market. The GSP ensures that Uzbek exporters pay lower or no duties on some or all of the products they sell to the EU. Both sides admit that current levels of trade are unsatisfactory, but that efforts such as trade stimulation and...