The Azerbaijan State News Agency

WORLD

Kazakhstan, Uzbekistan sign 76 documents worth over $350mln

Baku, October 22, AZERTAC

Prime Ministers Olzhas Bektenov of Kazakhstan and Abdulla Aripov of Uzbekistan are attending the 4th Interregional Forum ‘Uzbekistan-Kazakhstan,’ taking place in Samarkand, Uzbekistan, Kazinform News Agency reported citing the press service of the head of the Kazakh government.

The event focused on the implementation of the agreements reached between the two countries, boosting the bilateral trade turnover as well as discussed the issues of industrial cooperation, cooperation in water, energy, transit and transport and gas sectors.

Uzbekistan is the main trade partner of Kazakhstan in Central Asia, as the mutual trade stood at 2.5 billion US dollars in 8 months of this year. During the forum, Bektenov highlighted the importance to expand measures aimed at promoting trade and economic cooperation as well as to create favorable conditions for mutual investments.

Kazakhstan and Uzbekistan have broad prospects for joint work in all areas, which is primarily facilitated by the trust-based political dialogue between Heads of State Kassym-Jomart Tokayev and Shavkat Mirziyoyev. Investment agreements and commercial contracts worth 7 billion US dollars, signed during the business forum in Astana, are set to contribute significantly. I’m convinced that today’s meeting will mark the beginning of the realization of new breakthrough projects and make a considerable contribution to sustainable economic development of the entire Central Asian region, stated Bektenov.

There is a huge export potential in petrochemical, metallurgical, automotive, industrial, food, chemical and pharmaceutical sectors. Kazakhstan is ready to boost its exports to Uzbekistan of 40 high-value added products to the tune of over 550 million US dollars.

For his part, Uzbek Premier Aripov highlighted that cross-regional cooperation remains a priority of bilateral relations between the countries.

“In the past seven years, the mutual trade turnover between Uzbekistan and Kazakhstan has risen by almost 2.5 times, reaching 4.4 billion US dollars. Presently, there are over one thousand enterprises with the participation of Kazakh capital in Uzbekistan. Bordering regions enjoy direct and close ties – the Republic of Karakalpakstan and Mangistau region, Tashkent and Turkestan regions, Navoiy and Kyzylorda regions. Our other regions also steadily strengthen ties, develop trade relations as well as industrial cooperation. There is a huge potential, which is yet to be realized,” said Aripov.

During the forum, special attention was placed to the development of industrial cooperation, providing for implementation of 74 joint projects with total investments of 3.4 billion US dollars and creation of 14.6 thousand jobs. Of these enterprises, 65 are set to be opened in Kazakhstan, ensuring 13.6 thousand new jobs in the country. Nine joint projects have been carried out in Kazakhstan and three more in Uzbekistan, leading to the creation of a total of 4.8 thousand new jobs. They include CKD production of Chevrolet Onix cars in Kostanay, a plant for production of household appliances in Saran, garment and spinning and weaving factories in Shymkent and Turkestan region, a plant for production of autoclaved aerated concrete in Angren and others. The establishment of the International Center for Industrial Cooperation Central Asia is set to give a new impetus to the work of both governments, offering services under the single window principle as well as tax, customs and other preferences for entrepreneurs.

In addition, the issues of developing the transport and logistics potential were under discussion. It was noted that over 50% of Uzbekistan’s trade turnover passes through the territory of Kazakhstan. The countries have established 18 passenger traffic routes by different modes of transport, offering new opportunities for further deepening ties.

Under the 4th Interregional Cooperation Forum ‘Kazakhstan-Uzbekistan’, the business forum, 76 documents worth over 325 million US dollars were signed, including the Practical action plan, providing for realization of joint projects in energy, mining, geology. Agreements on cooperation in trade and economic, scientific and technological, cultural and humanitarian spheres between the regions of Kazakhstan and Uzbekistan were signed as well.

It's worth to note that the forum is a platform to actively address the current challenges and prospects of cooperation. Within the event, the ministers, governors of bordering regions and around 200 representatives of business circles of the two countries discussed the issues of cross-regional cooperation, promotion of mutual trade and creation of joint enterprises. Mechanisms for deeper interaction in metallurgy, construction, mechanical engineering, chemistry, agriculture, food industry, IT and tourism were discussed within the B2B format.

To note, a scientific and cultural center named after Abai and a Kazakh language and literature department of Abai University opened at the Rashidov Samarkand State University in Uzbekistan.

 

Share news on social media

Follow us on social network

President of Guinea-Bissau visits Azerbaijan

Türkiye commemorates founder Ataturk on 86th anniversary of his passing

Secretary-General of Muslim Council of Elders arrives in Azerbaijan

Prominent Indian yogi Sadhguru visits Azerbaijan

Final statement of international conference hosted by State Commission on Prisoners of War, Hostages and Missing Persons officially distributed to UN

COP29 Green Zone tickets now on sale

Azerbaijan’s Foreign Ministry: Film by Armenian-origin director not submitted for “Oscar” award

Prime Minister of the Democratic Republic of Sao Tome and Principe arrives in Azerbaijan

President of Suriname arrives in Azerbaijan

AZAL operates its first flight from Baku to the Maldives

Release from the Press Service of the President

® Prime Cotton: A new name in Azerbaijan's cotton industry
MKT Production and Commerce transitions to Prime Cotton

Azerbaijan's Defense Minister expresses condolences to Pakistani side

COP29 official programming released

Bahamian Foreign Minister visits “ASAN Xidmet” Center in Baku

Britain names Jonathan Powell as national security adviser

Azerbaijan’s Victory Day marked in Saudi Arabia

COP29 Azerbaijan Operating Company completes official handover of Baku Stadium to UN Framework Convention on Climate Change

Prime Minister of Bahamas arrives in Azerbaijan

Magnitude 4.0 earthquake rocks Italy's Molise region

Turkish foreign ministry: We will continue to support Pakistan in its fight against terrorism

Azerbaijan’s Defense Minister expresses condolences to Kazakh side

Azerbaijan Army holds military oath-taking ceremonies

Azerbaijan’s Victory and National Flag Days marked in Malaysia

ICESCO Director General arrives in Azerbaijan

At least 20 people killed in bomb explosion in Quetta Pakistan

Turkish Parliament Speaker congratulates Azerbaijan: May our brotherhood last forever!

To His Majesty Norodom Sihamoni, King of Cambodia

Prime Minister of Tuvalu arrives in Azerbaijan

AZ Alkmaar beat Fenerbahce 3-1 in Europa League

President of Marshall Islands arrives in Azerbaijan

President Ilham Aliyev made post on National Flag Day

First Vice-President Mehriban Aliyeva made post on National Flag Day

Vice President of Tanzania arrives in Azerbaijan

Media partners announced for COP29

Marches accompanied by military orchestras held on Victory Day

Foreign Minister of the Turkish Republic of Northern Cyprus: Karabakh is Azerbaijan!

President Ilham Aliyev visited National Flag Square in Baku to raise Azerbaijan's tricolor flag

From Shavkat Mirziyoyev, President of the Republic of Uzbekistan

Release from the Press Service of the President

Media leaders and representatives briefed on final preparations for COP29

COP29 information points launched

President Ilham Aliyev attended inauguration of Victory Park in Baku VIDEO

First Vice-President Mehriban Aliyeva shared post from National Flag Square VIDEO

First Vice-President Mehriban Aliyeva shared post from Victory Park

President: From now on, the people and state of Azerbaijan will live as a victorious nation and a victorious state

President Ilham Aliyev: The developing Azerbaijan is our source of pride, and our glorious victory is our historical achievement

President: The Patriotic War and anti-terror operation are a bitter and humiliating defeat for those behind Armenia

President Ilham Aliyev: Armenia must end its policy of armament

President Ilham Aliyev: No trace or sign of separatists remains in the lands of Karabakh

President: Some Islamophobes and Azerbaijanophobes in Western capitals are inciting Armenia to a new war

Azerbaijani President: Some Western supporters now want to portray Armenia as a "peace dove"

President: Economic development, significant political influence, and unity of people and government led us to victory

President of Turkiye Recep Tayyip Erdoğan congratulated President Ilham Aliyev on Victory Day

President Ilham Aliyev: The Patriotic War is our glorious history, our brilliant victory

From Recep Tayyip Erdogan, President of the Republic of Türkiye

World Bank: COP29 is a great opportunity for Azerbaijan to showcase its commitment to addressing global climate challenges – INTERVIEW

President Ilham Aliyev shared post on anniversary of Shusha’s liberation VIDEO

Foreign Ministry: The 44-day Patriotic War and counter-terrorism measures created historical conditions for sustainable peacebuilding

First Vice-President Mehriban Aliyeva made post on Victory Day

President Ilham Aliyev made post on occasion of 8 November - Victory Day

Delegation of Vietnamese Academy of Journalism and Communication visits AZERTAC

Azerbaijan’s Victory and Flag Days marked in Chisinau

Elon Musk's net worth rises $26 billion in a day after Donald Trump's election victory

Azerbaijani Defense Ministry’s leadership visits military police unit

German government coalition collapses; early elections expected by end of March 2025

Tbilisi highlights Russia's obligation to withdraw troops, ensure IDP return at Geneva International Discussions

Graduation ceremony of underwater attack special force course held

® Discover Azerbaijan with Nar’s affordable TouristSIM tariffs!

Kylian Mbappe left out of France squad after Didier Deschamps snub

Azerbaijan, Spain explore cooperation within COP29

® Kapital Bank Joins the UN Global Compact for a Stronger Commitment to Sustainable Development

Defense Ministry leadership visits graves of National Leader and martyrs on the eve of Victory Day

"ASAN Service" to organize Ministerial Forum on Green Good Governance within COP29

Azerbaijan names chess players to compete at European Individual Chess Championship 2024

Azerbaijani U16 women`s volleyball team to compete in EuroVolley qualifier in Poland

California wildfire fueled by high winds grows to over 14,000 acres and forces evacuations

President Ilham Aliyev congratulates Maia Sandu on her reelection as President of Moldova

To Her Excellency Madame Maia Sandu, President of the Republic of Moldova

Azerbaijan House opens in Prague

Meloni speaks to Trump after election win

Participants of Global Summit of Religious Leaders visit Aghdam district

China expands visa-free policy to nine more countries

Afghanistan opium cultivation increased by 19 per cent in second year of drugs ban, UNODC says

Prolonged sitting can sabotage health, even if you're young and active

Ministry of Science and Education transfers its IT systems to “Government Cloud”

COP29 Volunteer Programme: Final training is now complete

89 still missing after devastating floods in Spain

President Ilham Aliyev attended opening of third section of Central Park in Baku VIDEO

Central Bank fully covers $77.1 million demand at FX auction

Magnitude 3.4 quake hits Caspian Sea

SpaceX targeting Nov. 18 for next Starship megarocket launch

President Ilham Aliyev congratulates Luong Cuong on his election as President of Vietnam

Tazpit Press Service: Israel buys 25 F-15 fighter jets from Boeing for $5.2 billion

To His Excellency Mr. Luong Cuong, President of the Socialist Republic of Vietnam

Participants of Global Summit familiarize themselves with Fuzuli International Airport

Baku Media Centre named official broadcaster for COP29

President Ilham Aliyev attended inauguration of Boyukshor–Pirshaghi highway VIDEO

Bulgarian Naval research Vessel RSV 421 poised to set sail for Antarctica

Red Star Belgrade 2-5 Barcelona: Lewandowski brace helps Blaugrana to comfortable win