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Kazakhstan and Uzbekistan to increase mutual trade to $5 billion by 2020

The nations of Kazakhstan and Uzbekistan are striving to increase the volume of mutual trade to $5 billion by 2020. Intensification of cross-border cooperation between the two countries will be the main accelerator to increase mutual trade.

An agreement was reached to establish a regional industrial zone of Karakalpakstan with border regions of Kazakhstan. The Kazakh ambassador to Uzbekistan, Yerik Utembayev, said: “We are preparing a special roadmap which will allow us to develop cooperation in each separate industry. This roadmap will contribute to joint innovative projects that will allow developing these regions.”

Utembayev highlighted that logistics centers in Karakalpakstan are ready to work with Kazakhstan, having the opportunity to supply products to the Kazakh markets. In this regard, the potential of the Aktau and Kuryk seaports and the Aktobe transport hub can be used. The first batch of vegetables of this year from Uzbekistan has already been exported to Kazakhstan. In the future, Uzbekistan plans to supply cabbage, melons and watermelons. quoted an Uzbek farmer as saying “This year we delivered the first shipment of tomatoes to Kazakhstan and Russia. For 2018, a green corridor is planned in Uzbekistan that should connect Kazakhstan, Kyrgyzstan, Belarus and the Baltic countries. Moreover, this year, Uzbekistan plans to double the export of fruit and vegetable products.”

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