Uzbekistan and Kazakhstan expand economic partnership
Tashkent, Uzbekistan (UzDaily.com) -- On 23 May, under the leadership of the Deputy Prime Minister of the Republic of Uzbekistan Sardor Umurzakov and the Deputy Prime Minister of the Republic of Kazakhstan Roman Sklyar, extensive intergovernmental negotiations were held in the form of a video conference to discuss mechanisms for strengthening economic partnership between Uzbekistan and Kazakhstan.
The parties discussed the current status of the initiative to create the International Center for Trade and Economic Cooperation (ICTEC) and the progress achieved in the consistent work to remove existing trade barriers.
They also considered measures to strengthen industrial cooperation between the two countries in the framework of the identified priority areas. The negotiations were preceded by a long joint work of the relevant ministries and departments of Uzbekistan and Kazakhstan, coordinated by the Ministry of Investment and Foreign Trade from the Uzbek side and the Ministry of Industry and Infrastructure Development from the Kazakhstan side.
During the joint study at the interdepartmental level, the potential opportunities for cooperation and the prospects for interaction in individual industries and sectors were carefully analyzed. As a result, a list of 13 economically feasible investment projects was created to create high-tech joint ventures in the field of agricultural engineering, light, pharmaceutical and food industries, livestock, energy-saving technologies and processing of agricultural products.
As a result of the videoconference, the corresponding Road Map was approved to expand and deepen cooperation between the Republic of Uzbekistan and the Republic of Kazakhstan in the field of industrial cooperation with the definition of specific dates and responsible executors.
The parties expressed their commitment to developing further partnerships, as well as the belief that the implementation of the agreed projects will significantly strengthen trade and economic ties between the two countries.