MINSK, 14 August (BelTA) – Minsk Motorcycle and Bicycle Plant (Motovelo trademark) has signed an agreement of intent with the government of Andijan Oblast of Uzbekistan to set up a factory to produce bicycles in this region of Uzbekistan, BelTA learned from specialist for legal support and marketing of the Minsk-based company Kristina Borodko.
The parties agreed to establish long-term and mutually beneficial cooperation and to provide the joint venture with the preferences that apply to other joint ventures with foreign investments operating in Uzbekistan.
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