Economy minister, British ambassador discuss trade and economic cooperation

Bishkek, Aug.1, 2019. /Kabar/. Minister of Economy Sanjar Mukanbetov met with Ambassador of Great Britain to Kyrgyzstan Charles Garrett.
In the course of this meeting the issues of trade and economic and investment cooperation were discussed, as well as the upcoming international donor conference with the participation of the DFID (Department for International Development of Great Britain), which is scheduled for Nov. 2019 in Bishkek.
The ambassador noted the British Council is promoting the Creative Industries initiative. A working group of members of the Kyrgyz government is already working in this direction. The British Side is interested in the development of this sphere in the countries of Central Asia. The sides agreed to promote this direction in Kyrgyzstan.
Minister Mukanbetov noted the priority directions of further development are defined within the National Development Strategy of Kyrgyzstan till 2040, programs are created, working groups are carrying out their activity. Establishment of closer cooperation is possible if priorities of the national strategies will coincide.
Charles Garret said a group of British investors is interested in investing in the development of education in Kyrgyzstan under government guarantees. The investments will consist of two parts - a grant and a loan. It is planned to allocate funds to various parts of the educational sphere, such as vocational education, schools, books, etc.
In addition, the meeting included discussions of issue of domestic procedures for the entry into force of the Agreement on Avoidance of Double Taxation, signed between the Governments of the two countries.
The meeting was held in a constructive manner and as a result, an agreement was reached on providing comprehensive efforts to intensify bilateral cooperation.
The creative industries refers to a range of economic activities which are concerned with the generation or exploitation of knowledge and information. They may variously also be referred to as the cultural industries (especially in Europe) or the creative economy, and most recently they have been denominated as the Orange Economy in Latin America and the Caribbean.
Today the leader in the creative industries is the United Kingdom (judging by the number of people and companies involved in the creative sphere, the state orientation in the economy, significant profits from creative products), which has developed and continues to develop a legal framework, strategic and policy documents for the development of the national economy through economic, cultural and social interaction.