Kazakhstan and Uzbekistan agrees to increase trade value to us $5 billion

Kazakhstan and Uzbekistan agrees to increase trade value to us $5 billion

Kazakhstan and Uzbekistan have agreed to increase their bilateral trade value to US$5 billion from US$3 billion that was recorded in 2018.

The countries’ presidents, Qasym-Jomart Toqayev and Shavkat Mirziyoyev, have signed a number of cooperation agreements in trade, air defense, logistics and cultural relations.

Political expert, Valeriy Biryukov said that Uzbekistan is currently working on the opening of the Uzbekistan-Turkmenistan-Iran-Qatar transport corridor with the end destination in the ports of the Persian Gulf.

“This development is very interesting for Kazakhstan as well. Kazakhstan and Uzbekistan are bound to enhance integration and cooperation in order for the countries to successfully implement large infrastructural projects,” he said.

Foto: zakon.kz