Kazakhstan and Uzbekistan Signed Agreements Worth US$500 Million

Kazakhstan and Uzbekistan Signed Agreements Worth US$500 Million

The 2nd Kazakhstan-Uzbekistan Interregional Cooperation Forum has resulted in the signing of 52 agreements worth US$500 million. Uzbekistan is ready to purchase cereal, meat and dairy products from Kazakhstan. For this purpose, Uzbekistan plans to strengthen cooperation with Kostanai region. A Kazakh-Uzbek cluster of light industry will be established at the Ontustik Special Economic Zone in Shymkent. The parties also plan to open a joint tourist route which will include Turkistan, Tashkent, Samarkand, Bukhara and Khorezm regions.  

“Bilateral trade between our countries has exceeded US$4.1 billion. Realizing the huge potential of our countries, the heads of state set an ambitious goal to bring the level of bilateral trade to US$5 billion this year and bring the trade value to US$10 billion in medium-term trade. The integration of industrial processes will play the most important role in the implementation of the assigned task, and we can observe the significant progress in this focus area. The joint projects in areas such as manufacturing of machinery and building materials, as well as the cooperation in the agro-industrial complex have been successfully implemented,” said Kazakh Prime Minister, Askar Mamin.

Photo: inform.kz