Kazakhstan and Uzbekistan are strategic trading partners as trade steadily increases

Kazakhstan and Uzbekistan are strategic trading partners as trade steadily increases

Kazakhstan and Uzbekistan are strategic trading partners as trade steadily increases between the two countries. In the first nine months of this year, the trade turnover is estimated at over US$2 billion. The countries plan to increase the bilateral trade volume to US$5 billion by 2020. The goal is set to be achieved with the help of a new agreement on joint projects implementation in the automotive and logistics industries.

AVAZ KHODZHIYEV, DEPUTY GOVERNOR, SYRDARYA REGION IN UZBEKISTAN:

 - Two investment agreements worth US$10 million were signed. These are Kazakh investments in our region. These are two projects for the production of modern polypropylene packaging and the production of calcium carbonate. In general, we have great prospects.

Kazakhstan’s seven regions actively cooperate with Uzbekistan. Currently, there are 260 enterprises in different areas operating in Uzbekistan with the participation of Kazakh capital.

GABIDULLA ABDRAKHIMOV, MAYOR OF SHYMKENT:

 - For the first nine months of this year, the trade turnover between Shymkent and Uzbekistan amounted to US$61 million, while the volume of exports amounted to US$49 million. The volume of imports was estimated at US$12 million.

Kazakhstan exports wheat, flour and sunflower as well as semi-finished products from unalloyed steel and iron, zinc, raw aluminium, natural gas and oil to Uzbekistan. In return, Uzbekistan exports fruits, vegetables, natural gas, polyethene and mineral fertilizers.