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Uzbekistan: New FEZ to attract investment, pharmaceutical technologies from India

TASHKENT (TCA) — The President of Uzbekistan Shavkat Mirziyoyev has signed a Decree “On the establishment of Andijon-Pharm free economic zone,” the Jahon information agency reported. Continue reading

Kazakhstan: Khorgos border trade center sees increase in visitors

ASTANA (TCA) — More than 1.2 million people visited the Khorgos International Center of Boundary Cooperation (ICBC) in 2018, an 8-percent increase compared to 2017, the press service of national railways company Kazakhstan Temir Zholy said. The Khorgos ICBC is located on the Kazakh-Chinese border in Kazakhstan’s Almaty province, and is a major international transport, transit and trading hub between Kazakhstan and China. The growth of visits was facilitated by measures to create conditions for conducting transparent business of investors and visiting tourists. Thus, the luggage terminal was reconstructed and enlarged from 900 to 3,500 square meters. The fleet of 15 low-tonnage cargo vehicles has been updated. This allowed reducing the time of delivery of visitors' goods from the baggage collection points to the point of delivery in the baggage terminal. There is a single operator for comfortable movement of visitors. Currently, the issues of exemption of Kazakhstan and foreign participants of FEZ ICBC Khorgos from payment of basic taxes, except the social tax, are being resolved. The assignment to ICBC Khorgos — a unique project of Kazakhstan and China for trade, economic, tourism and investment cooperation — of the status of Free Economic Zone (FEZ) created favorable conditions for the development of business and investment in the territory of Kazakhstan. In 2018, 12 investment companies were attracted with a total construction area of 32.7 hectares and a building area of 193,000 square meters. Over the years of operation of ICBC Khorgos, 21 contracts for the construction of investment facilities were signed. The area of land plots at Khorgos was 113.5 hectares with the exception of infrastructure facilities, and the area of premises was 805.4 thousand square meters.

OSCE office in Tajikistan supports economic connectivity in Central Asia

DUSHANBE (TCA) — The OSCE Programme Office in Dushanbe contributed to the development of regional economic connectivity by supporting the annual International Economic Forum “Sughd-2018” which took place on 11 October 2018 in Khujand, northern Tajikistan. This year, the forum was dedicated to the achievements and tenth anniversary of the Free Economic Zones (FEZs) in Tajikistan. Continue reading

Kazakhstan: Pavlodar SEZ recognized as one of the best in the world

ASTANA (TCA) — The Pavlodar special economic zone (SEZ) in northern Kazakhstan has become the winner in the nomination "The best resources & raw materials base of 2018” according to fDi Magazine, the authoritative British magazine, Kazakh Invest national investment support and promotion company reported on its website. Continue reading

Kazakhstan: Ontustik SEZ enters fDi’s Global Free Zones of the Year ranking

ASTANA (TCA) — Kazakhstan’s Ontustik special economic zone has been included in the Global Free Zones of the Year for 2018 annual global ranking of the international magazine fDi Magazine, Kazakh Invest national company for investment support and promotion reported on its website. Continue reading

Kazakhstan: foreign diplomats visit Khorgos FEZ and center at border with China

ASTANA (TCA) — On October 6, representatives of the diplomatic community accredited in Kazakhstan visited the Khorgos-Eastern Gate FEZ and the Khorgos International Center of Border Cooperation (ICBС) located at the Kazakh-Chinese border in Kazakhstan’s Almaty province. Continue reading