Kazakhstan and Uzbekistan plan to double trade turnover to $10 bln per year

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Prime Minister of Kazakhstan, Alihan Smailov, held talks with the Prime Minister of Uzbekistan, Abdulla Aripov, in Almaty, the press service of the Kazakhstan government reports.

"We have the task of bringing the trade turnover to $10 billion. Therefore, it is necessary to take systemic measures to expand trade and economic ties. The Government of Kazakhstan is ready for active joint work to achieve all the set goals," stated Alihan Smailov during the meeting on the eve of the Eurasian Intergovernmental Council session.

The press release notes that the trade turnover reached the planned threshold of $5 billion for the year 2022, and for the first 11 months of 2023, it amounted to $4.1 billion.

Alihan Smailov emphasized that Kazakhstan pays special attention to the development of a strategic partnership with Uzbekistan.

"Thanks to the efforts of the heads of state, our interaction has become an example for the entire region," he said.

Uzbekistan's Prime Minister, Abdulla Aripov, emphasized that the strategic partnership between Uzbekistan and Kazakhstan is rapidly developing in the spirit of friendship, good neighborliness, and mutual respect.

"The leaders of our countries have set specific tasks for further development of multifaceted relations between the two countries. We are ready to take all necessary measures together with you to fulfill these tasks," he added.

The parties also discussed issues related to strengthening trade and economic cooperation, collaboration in agriculture, transit and transport, and the gas sector. In particular, they reviewed the progress in implementing the Roadmap to increase bilateral trade and the results of cooperative industrial projects.

Special attention was given to expanding interstate water relations.


February 3, 2024