Russia and Tajikistan are planning to establish a joint industrial park in Tajikistan by 2030, in a move aimed at significantly boosting bilateral trade. The announcement was made by the Russian Ministry of Industry and Trade in a recent statement.
The industrial park, to be built in Tajikistan and managed by the Russian side, is designed to facilitate the entry of more Russian industrial companies into the local market. According to officials, the project seeks to increase trade between the two countries by 2.5 times within the next five years.
The initiative is part of Russia’s national project on international cooperation and export, and participation will be open to companies from both Russia and other countries. Products manufactured at the site are expected to be sold not only within Tajikistan but also across neighboring countries in Central Asia.
Details of the project were presented in Dushanbe by Artur Galiullin, Deputy Director of the Department for International Cooperation and Export Licensing. His remarks came during a visit to the Korgohi Machine Building Enterprise.
As previously reported by The Times of Central Asia, Tajikistan has made substantial progress in shifting trade settlements with Russia to the ruble. According to Firdavs Tolibzoda, Chairman of the National Bank of Tajikistan, over 90% of trade transactions are now conducted in Russian currency, a sharp departure from 2021, when trade was evenly split between the ruble and the U.S. dollar.
