AKIPRESS.COM - The Chamber of Commerce and Industry of Tajikistan (CCI) and Germany's Association of Small and Medium-Sized Businesses (BVMW) have signed a memorandum of understanding (MoU) on cooperation, Asia-Plus reported.

The parties discussed strengthening bilateral cooperation in economics, trade, and investment between Tajikistan and Germany at an online meeting between the CCI leadership and BVMW representatives, which took place with support from the Tajik Embassy in Germany on November 7.

The online meeting was attended by the Ambassador of Tajikistan to Germany Imomudin Sattorov, Chairman of the Chamber of Commerce and Industry of Tajikistan Jamshed Jumakhonzoda, member of the Federal Executive Board of BVMW Andreas Jahn, and other officials from both sides.

The meeting participants discussed strengthening bilateral trade and economic cooperation between Tajikistan and Germany.

They emphasized the importance of active engagement and experience-sharing between entrepreneurs from Tajikistan and Germany to help bolster economic ties. Representatives highlighted the potential for mutually beneficial cooperation, especially in product export and import, as well as in investment and business development.

The meeting reportedly ended with the signing of the MoU between Tajikistan's CCI and Germany's BVMW. The parties agreed on a BVMW delegation visit to Tajikistan in May 2025. During this visit, the Association plans to open a representative office in the country, marking an "important step toward strengthening partnership relations."

The BVMW represents the interests of small and medium-sized businesses in politics, with administrative authorities, with trade unions and with major companies.

According to the Agency for Statistics, the bilateral trade volume between Tajikistan and Germany has valued at little more than $75 million in 9 months of 2024, down by 51.2% compared to the same period in 2023. Almost 95% of this trade involved the supply of German goods to Tajikistan.