BAKU, Azerbaijan, September 23. Uzbekistan and Kazakhstan mentioned intimately the progress of the implementation of present joint initiatives and agreements, in addition to the prospects of increasing bilateral commerce, economics, transport, logistics, and interregional cooperation, Trend experiences.
During the assembly between Minister of Investment, Industry, and Trade of Uzbekistan Laziz Kudratov and Minister of Trade and Integration of Kazakhstan Arman Shakkaliyev on September 22, each sides famous the constructive dynamics of the expansion of commerce turnover between the 2 nations.
In specific, the ministers burdened extra alternatives to extend mutual commerce turnover to $10 billion within the coming years as a result of mutual provides of meals, textiles, cars, electrical tools, ferrous metals, oil, and fuel merchandise. A joint international commerce firm created within the spring of 2023, having already exported merchandise totaling $1.3 million throughout its operation, is designed to contribute to this.
As a results of the assembly, the events agreed on the format of additional cooperation on the implementation of the agreements reached and the outlined new areas of mutually useful cooperation. Meanwhile, 7 commerce contracts and 24 joint funding agreements signed throughout the go to of the President of Kazakhstan, Kassym Jomart Tokaev, to Uzbekistan in December 2022 are presently being applied.
Over the previous 6 years, the quantity of commerce turnover between Kazakhstan and Uzbekistan has grown by virtually 2.5 occasions and amounted to $4.6 billion in 2022, which is a rise of 17.8 p.c in comparison with the determine for 2021 ($3.9 billion). In this context, the events set out the duties of additional growing the quantity and increasing mutual commerce.
Source: BUSINESS LEND
