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Documents for $60 mln signed at Kazakh-Uzbek forums

23 May 2018 [17:56] - TODAY.AZ

By Azernews

By Kamila Aliyeva

A number of bilateral documents between Kazakhstan and Uzbekistan were signed in the city of Shymkent within the framework of the business forum on May 22, Central Asian media outlets reported.

The forum was held with the participation of officials from two countries and hundreds of entrepreneurs.

Participants of the forum, organized by the Chamber of Entrepreneurs of the South Kazakhstan region, reportedly discussed the creation of joint projects, exports and imports of products, and interaction with the goal of entering the markets of other countries.

Eight documents for $62 million were signed within the framework of the forum. The akimat of the South Kazakhstan region and the Uzbek company Alliance textile signed a memorandum on the intention to invest in the textile industry of the region. A memorandum on rehabilitation of the textile enterprise between Ontustyk special economic zone and Kazakh enterprise Kaztehinpex was also inked.

At the same time, the akimat and Uzbek company Dentafil Plus signed a memorandum on the construction of a factory for the production of medical products. During the business forum, the first meeting of the business council was also held.

Earlier, First Deputy Premier of Kazakhstan Askar Mamin said that Uzbekistan is the largest trade partner of Kazakhstan in the Central Asia. He underlined that the trade turnover between the countries increased by 50 percent in the 1Q2018 compared to the 1Q2017.

“We are planning to increase the bilateral trade volume to $3 billion by the end of 2018, taking into account the considerable potential in increasing the mutual trade turnover,” Mamin added.

Uzbekistan has recently made efforts to establish closer political and economic relations with neighboring countries. Changes in the foreign policy course of the country occurred after Shavkat Mirziyoyev  came to power in 2016. Official Tashkent said that its priority in foreign policy is to improve relations with the states of Central Asia.


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