During the negotiations, the parties discussed prospects for the development of bilateral cooperation, mechanisms for strengthening trade and economic ties, expanding investment, interregional, cultural and humanitarian cooperation.

The importance of enhancing institutional interaction in the format of the Intergovernmental Working Group on Trade and Economic Cooperation as a consolidated tool for establishing ties between government agencies and business communities of the two countries was noted. In this context, the possibilities of holding the Uzbek-Italian Business Forum in Milan with the participation of the Confederation of Italian Industry Confindustria and Assolombarda were discussed.

It was emphasized that the visit of President Attilio Fontana to Uzbekistan in November 2019 was a powerful incentive for the growing interest of Lombardy business circles towards implementing projects in Uzbekistan. Subsequently, a number of projects in the oil and gas industry, healthcare, fish farming and waste recycling are currently under development. An agreement was reached to make efforts for expanding the range of common interests of Italian and Uzbek entrepreneurs, while covering the sectors of branded textile and silk products, building materials, agricultural products and jewelry.

The parties also touched the measures to boost the trade between the two countries by widening and increasing the supply of Uzbek and Italian products.

In 2019 the trade turnover between Uzbekistan and Italy increased by 30% and amounted to over $ 400 million. According to the results of January-May of the current year, the volume of mutual trade amounted to 142.9 million dollars with an increase of 19.4% compared to the same period of 2019.

The interregional cooperation was identified as a promising direction of the Uzbek-Italian relations as an additional format of economic and industrial cooperation, intensification of business, cultural and humanitarian ties. In particular, the dialogue covered the prospects of attracting leading Lombardy companies to implement large infrastructure projects in Samarkand and other regions of Uzbekistan, create greenhouses and intensive gardens, produce household appliances, jewelry, building materials, cable, silk fiber, paper, as well as develop livestock farms.

The cooperation in the cultural and humanitarian sphere was also discussed. At the moment, the ties have already been established between Samarkand State University and the University of Insubria (Como), providing for the exchange of teachers, students and publications, conducting joint seminars and research. The interaction between the Republican Higher School of Business and Management in Tashkent and the Graduate School of Business at the Milan Polytechnic University on training in the field of management is also actively developing.

In this context, the possibilities of establishing cooperation with the POLI.design Centre at the Milan Polytechnic University were examined in order to work out the initiative to create the Italian Design Center in Tashkent.

As a result of the negotiations, an agreement was reached on the consistent implementation of further steps and measures with the aim of strengthening and enhancing bilateral cooperation and achieving concrete results within the framework of the discussed and other areas of cooperation.