Kazakhstan and Uzbekistan signed a half billion dollar agreements

Kazakh Prime Minister Askar Mamin held talks with Uzbek Prime Minister Abdulla Aripov and took part in the 2nd Forum of Inter-Regional Cooperation of Kazakhstan and Uzbekistan, the official website of the Government head of the Republic of Kazakhstan reports. The meeting was held on February 26 in Urgench, Khorezm Region.

The Government head of Kazakhstan emphasized that the reached agreements for further development of bilateral trade necessitate the active implementation of existing and finding new contact points of mutual interests.

The parties discussed the possibilities of cooperation in the trade and economic sectors, including agricultural, transit and transport, water and energy, textile, engineering industries, tourism and environment, and the field of financial technology.

Mamin and Aripov participated in the final meeting of the 2nd Forum of Interregional Cooperation on “Cooperation of regional business in the areas of agro-industrial collaboration, industry and tourism”, which brought together more than 300 heads of government agencies of the regions, as well as representatives of business communities of the two countries.

The Prime Minister of the Republic of Kazakhstan put forward initiatives to create a Kazakh-Uzbek cluster of light industry based on the Оңтүстік FEZ in Shymkent, establish a joint travel route to tourist sites in Turkestan, Tashkent, Samarkand, Bukhara and Khorezm Regions, jointly develop wholesale distribution and agro-logistics centers.

Askar Mamin emphasized the potential for cooperation in transit, transport and logistics. “Your country for Kazakhstan is an access to South Asia, and our country for Uzbekistan is an access to the markets of EAEU and Southeast Asia, the Caucasus and Europe”, Mamin said, specifying the need to intensify joint efforts to build the North-South corridor infrastructure, as well as develop the Trans-Caspian international transport route.

At the Forum end, 52 documents were sighed on development of economic cooperation, including the Final Declaration, interdepartmental, interregional and commercial agreements in mechanical engineering, agricultural, financial, banking, industrial, infrastructural, pharmaceutical and other sectors to the total amount of about $500 million.

“The outcomes of the present forum show that our regions have unique opportunities and huge unfulfilled potential,” Abdulla Aripov said.