Macroregional Context

PARTNER'S ADVERTISINGspot_img

LATEST MARKET STUDY

spot_img

Presidents of Uzbekistan and Kazakhstan signed agreements on allied relations

Relations between the two countries have been brought to the highest and most trusting level of interstate partnership.

The key topics of the talks with the participation of the two presidents were the issues of cardinal expansion of relations in the political, trade, economic, energy, transport and logistics and other areas. Over the past five years, the volume of mutual trade has more than doubled and will approach $5 billion by the end of this year. In order to multiply the volume of trade in the coming years, the parties agreed to form a working group headed by vice-premiers and create a joint foreign trade company.

During the state visit of the President of Kazakhstan to Uzbekistan, the countries signed, among other documents, an agreement on the establishment of the International Center for Industrial Cooperation “Central Asia”; agreements on the implementation of projects in the field of energy, transport and logistics; memorandums in the field of strategic reforms, development of electronic commerce and forestry; roadmaps to expand cooperation between the various regions of the two countries – in total, trade contracts and investment agreements worth $8 billion.

Related Articles

Saudi Arabia and other international partners expand infrastructure and energy projects in Karakalpakstan Uzbekistan

Karakalpakstan in northwestern Uzbekistan is rapidly turning into one of Central Asia’s most dynamic investment stories, as a new wave of international projects reshapes...

South Korea advances industrial partnership with Uzbekistan through new alliance initiative

South Korea and Uzbekistan are pushing their economic partnership into a new industrial phase, using a high-profile business forum in Tashkent to lay the...

South Korea and Uzbekistan launch large scale investment partnership in industry and infrastructure

South Korea and Uzbekistan have moved their economic relationship into a new phase, shaping a fresh investment portfolio that brings together joint projects worth...