The Director of the Agency for Pharmaceutical Industry Development, Abdulla Azizov, held a meeting with representatives of the Chinese company Tuoren Group, the Xinjiang Medical Industry Association, and Xinjiang Yixun Medical Device Co., Ltd.
The Director of the Agency for Pharmaceutical Industry Development, Abdulla Azizov, held a meeting with representatives of the Chinese company Tuoren Group, the Xinjiang Medical Industry Association, and Xinjiang Yixun Medical Device Co., Ltd.
Participants in the negotiations discussed the possibilities of transferring medical device production to the territory of Uzbekistan, attracting investments, and forming modern production potential.
The Chinese side demonstrated the experience and international potential of Tuoren Group in the field of manufacturing medical equipment and consumables for anesthesiology, intensive care, and hemodialysis.
In particular, the meeting participants considered the possibility of implementing joint projects for the production of equipment and consumables for hemodialysis directly in Uzbekistan.
The Chinese representatives were also presented with the conditions created in Uzbekistan for foreign investors, mechanisms for stimulating local production, and measures to support new investment initiatives.
It is expected that the development of such cooperation will reduce the import of medical devices, expand local production, and introduce modern medical technologies into Uzbekistan.
A high-level meeting was held in Tashkent to present and discuss recommendations for implementing the waqf system in Uzbekistan. The event was organized by the Islamic Development Bank Institute (IsDBI), the United Nations Development Programme (UNDP), and the Committee on Religious Affairs of the Republic of Uzbekistan.
This round-table discussion took place on August 3, 2026, marking the first such event within the national dialogue on the development and scaling up of the waqf institution. The meeting gathered over 40 representatives from state bodies, regulatory structures, religious and international organizations, as well as the academic community.
The event was part of technical assistance titled 'Creating Favorable Conditions for the Development of Waqfs in Uzbekistan,' which has been implemented since 2025. The project aims to form the legislative, institutional, and regulatory framework, as well as strengthen technical competence in this area.
An analytical document was presented during the meeting, examining international experience alongside the legal, institutional, and tax constraints hindering the development of waqfs in Uzbekistan. The document proposes a development model focused on practical implementation and alignment with national priorities.
Participants noted that the Public Charitable Waqf Fund was established in 2018, but the current legal framework does not yet provide comprehensive legal and regulatory conditions for the full operation of the national waqf system.
Discussions covered potential provisions for adopting a special law on waqfs, including the protection of rights for founders and beneficiaries. The possibility of creating a specialized independent body for supervision, management, and coordination of waqf-related issues, as well as introducing financial and tax incentives, was also discussed.
Special attention was paid to tax issues, public awareness, and human capital development. Participants also emphasized the potential role of waqfs in reducing poverty levels, developing human capital, and expanding public access to basic social services.
The development of the waqf system is viewed in the context of Uzbekistan's broader steps toward developing Islamic finance. In June 2026, legislative amendments aimed at creating conditions for the development of Islamic banking came into force in the country. Furthermore, the Legislative Chamber of the Oliy Majlis is reviewing a draft law on the 'Capital Market,' which contains specific provisions on Islamic sukuk securities.
Following the conclusion of the meeting, IsDBI confirmed its readiness to continue supporting Uzbekistan's efforts to create a transparent and sustainable waqf system that aligns with national priorities.
A business forum took place in Tashkent between Kazakhstan and Uzbekistan, attended by representatives from over 110 large and medium-sized private companies from Kazakhstan. The event was organized as part of fulfilling the directives of the presidents of Uzbekistan and Kazakhstan aimed at increasing bilateral trade to 10 billion US dollars.
Forum participants noted that the next stage of economic interaction development should focus on deepening industrial cooperation and creating joint production of high value-added products.
The National Chamber of Entrepreneurs of Kazakhstan, "Atameken," proposed concentrating joint efforts on three main areas. These include ensuring transparent access for enterprises to raw materials and expanding industrial cooperation, digitizing transport and logistics infrastructure and customs procedures, as well as increasing mutual investments, launching joint production projects, and localizing businesses.
The Kazakh side also put forward a proposal to create a permanent expert working group and develop a joint roadmap for harmonizing tariff, raw material, and customs mechanisms.
A practical result of the forum was the signing of a memorandum of cooperation between the Uzbek company "Glasfit Energy" and the Kazakh enterprise "Armature Insulator Plant LLP." Following the forum, B2B negotiations took place, during which business representatives from Kazakhstan and Uzbekistan discussed opportunities for implementing joint projects, finding new partners, and expanding direct business ties.
