Kazakhstan and Uzbekistan to boost trade, economic cooperation

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ASTANA (TCA) — First Deputy Prime Minister of Kazakhstan, Askar Mamin, met with the President of Uzbekistan, Shavkat Mirziyoyev, on May 4 in Tashkent, the official website of the Prime Minister of Kazakhstan reported.

At the meeting Mamin said that “Uzbekistan is Kazakhstan’s largest trade partner in Central Asia,” emphasizing that the trade turnover between the countries for the 1st quarter of 2018 increased by 50% compared to the same period last year. Until the end of the year, taking into account the significant potential in increasing mutual trade, it is planned to increase the volume of bilateral trade to $3 billion.

During the meeting, Mirziyoyev and Mamin agreed to hold the 1st Interregional Forum Kazakhstan-Uzbekistan in Astana, the Regional Economic Forum of Central Asian countries in Tashkent, as well as the First Meeting of the Business Council and a joint business forum in Shymkent.

The parties spoke in favor of raising the level of investment cooperation, implementing joint investment projects with access to the markets of third countries, and also discussed further measures to intensify cooperation in the fields of construction, engineering, transport, logistics, tourism, space and military-engineering sphere.

Within the framework of the visit, the Working Meeting of the Co-chairmen of the Joint Intergovernmental Commission on Bilateral Cooperation between Kazakhstan and Uzbekistan – the First Vice-Premier of Kazakhstan, Askar Mamin, and First Deputy Prime Minister of Uzbekistan, Achilbay Ramatov, was held.

It was noted that joint trading houses have been established and successfully operate in the main sectors of the economy, such as agriculture, petrochemicals, the pharmaceutical industry, and machine building.

An agreement has been reached that Kazakhstan and Uzbekistan will continue to work together to increase trade turnover by ensuring the supply of Uzbek gas to the south of Kazakhstan in the autumn and winter period, as well as providing the transit of Kazakh gas through the territory of Uzbekistan.

At the initiative of the Kazakh side during the talks, the question of establishing the Center of International Cross-Border Cooperation “Central Asia” (ICBC) on the border of Kazakhstan and Uzbekistan was discussed. The implementation of this project will require appropriate infrastructure in the territory of both states.

Sergey Kwan

TCA