Kazakhstan, Uzbekistan intend to significantly increase bilateral trade

Kazakhstan, Uzbekistan intend to significantly increase bilateral trade

Kazakhstan and Uzbekistan are set to implement 21 projects worth around $1 billion. Significant progress has been achieved in industrial cooperation, with the launch of 12 projects worth $156 million. Kazakh Foreign Minister Murat Nurtleu and his Uzbek counterpart Bakhtiyor Saidov discussed issues regarding the expansion of trade and economic cooperation in Astana. Over recent years, trade volume between the Central Asian states has exceeded $4 billion, with plans to increase it to $10 billion. The establishment of the International Industrial Cooperation Center on the Kazakhstan-Uzbekistan border, with construction set to commence this year, will contribute to this goal. Additionally, discussions covered plans for the region’s water and energy complex, as well as projects for new railway construction, expected to boost transit potential of both countries.

“We will continue our fundamental efforts to streamline transit for Uzbek carriers across the border, which I believe serves the core interests of our peoples. In particular, we have discussed various concrete matters, including increasing the number of border crossing points and building new roads,” Nurtleu said.

“One of our current objectives is to enhance the transportation and transit potential of our countries. We also discussed matters regarding the modernization of checkpoints located in border areas, expanding their capacity, and digitizing customs and other services,” Saidov said.