Kazakhstan and Uzbekistan’s Trade Boom Hits $4B, Targeting $10B by 2030
Bilateral trade between Kazakhstan and Uzbekistan has surged past $4 billion, with ambitious plans to reach $10 billion by 2030. This growth is part of a deepening strategic partnership, marked by the Allied Relations Treaty signed in 2022. The two nations are laying the groundwork for regional integration, fostering security and trade growth, and enhancing Central Asia's global role.
Since their independence, Kazakhstan and Uzbekistan have established a framework for regional partnership and trust. Their cooperation spans joint ventures, transport logistics, and energy projects. The upcoming 7th Consultative Meeting of Central Asian Heads of State in Tashkent on November 16, 2023, is expected to boost the 'Central Asia 2040' Strategy and strengthen five-party cooperation. Premier Minister Abdulla Aripov of Uzbekistan will attend this key event.
The partnership between Kazakhstan and Uzbekistan is pivotal for sustainable development in Central Asia. With bilateral trade booming and strategic ties strengthening, the region looks set for further growth and integration. The upcoming meeting in Tashkent is poised to drive this progress forward.
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