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Uzbekinvest and SACE have agreed to cooperate in insuring projects for the processing of raw materials based on advanced Italian technologies. Joint risk protection mechanisms are expected to help exporters minimize risks and strengthen trade relations between the two countries.
Within the framework of the international agribusiness forum Italy – Central Asia – Azerbaijan, held in Tashkent on March 23–24, the management of Uzbekinvest held a meeting with the President of Italy’s export credit agency SACE, Guglielmo Picchi. The talks continued the implementation of cooperation agreements previously signed by the parties in Rome on May 26, 2025.
During the meeting, the sides agreed to continue dialogue and further develop specific areas of cooperation between Uzbekinvest and SACE. They also discussed joint insurance support for projects aimed at establishing modern enterprises for processing agricultural products and other raw materials using advanced Italian technologies. Such initiatives are expected to increase export potential, strengthen domestic supply, and create new jobs.
The parties also reviewed prospects for broader bilateral cooperation focused on expanding support for national exporters, deepening trade and economic ties, and stimulating mutual trade between Uzbekistan and Italy.
Particular attention was given to facilitating exports of goods, technologies, equipment, and services, as well as creating effective insurance mechanisms to support foreign trade operations. The sides emphasized the importance of providing insurance coverage for exporters supplying goods on deferred payment terms, helping mitigate commercial and political risks while increasing the competitiveness of national producers in international markets.
The meeting also addressed opportunities for joint support of small and medium-sized enterprises, including the development of financial and insurance instruments aimed at increasing the participation of entrepreneurs in international trade.
In addition, the Uzbek side expressed readiness to participate in the reinsurance of SACE risks under export insurance contracts covering the supply of advanced Italian technologies to Uzbekistan, as well as to provide information on counterparties — enterprises of the Republic of Uzbekistan. This would contribute to greater transparency and reliability of export-import operations.
According to its 2025 results, Uzbekinvest provided comprehensive insurance protection of the economic interests of national exporters against political and commercial risks totaling more than USD 3.3 billion, representing 34% of Uzbekistan’s non-commodity exports.