Leaders of Uzbekistan and Kazakhstan agreed on further improving activity of the joint intergovernmental commission on bilateral cooperation.

The sides ordered their corresponding state bodies to work on issues on further expanding mutual trade and investments, form favourable conditions for transport and transit of foreign trade freight, development of cooperation between small businesses and entrepreneurs.

The sides expressed satisfaction with the results of adopted measures in two states on overcoming consequences of global financial-economic crisis. Sustainable growth of mutual trade, which exceeded pre-crisis figure, was noted.

The sides continue gradual implementation of strategy of economic cooperation between Uzbekistan and Kazakhstan for 2007-2016, which will help for further development of bilateral trade-economic interaction, the document said.

Kazakhstan is among our important partners in this sphere, trade with which has been noteworthy with a dynamic and steady growth.

In 2011, the bilateral trade turnover swelled by 47% to exceed US$2.7 billion. In the first half of 2012, this figure has constituted US$1.4 billion, which grew by 18% year-on-year.