Kazakhstan, Uzbekistan to enhance trade, economic cooperation

Astana, Tashkent ink key pacts to boost bilateral ties

Energy, transport, tourism, investment identified as priority sectors

Kazakhstan and Uzbekistan have agreed to deepen their trade and economic cooperation during a high-level meeting on Tuesday, May 2, 2023. The two sides signed several agreements to boost collaboration in energy, transport, tourism, and investment. The agreements were signed in the presence of Kazakh President Kassym-Jomart Tokayev and Uzbek President Shavkat Mirziyoyev at the Akorda Presidential Palace in Astana. “We believe that the agreements will open new opportunities for mutually beneficial cooperation between Kazakhstan and Uzbekistan,” Tokayev said. The energy sector is a key area of cooperation between the two countries. Kazakhstan is a major oil and gas producer, while Uzbekistan has significant reserves of natural gas. The two sides agreed to explore joint ventures in the energy sector, including the development of new oil and gas fields. Transport is another important area of cooperation. Kazakhstan and Uzbekistan are both located on the Silk Road, and the two countries are working to develop a modern transport infrastructure. The two sides agreed to cooperate on the development of new roads, railways, and airports. Tourism is also a priority sector for cooperation. Kazakhstan and Uzbekistan have a rich cultural heritage, and the two countries are working to promote tourism between them. The two sides agreed to cooperate on the development of new tourist attractions and to promote joint tourism packages. Investment is another important area of cooperation. Kazakhstan and Uzbekistan have a mutual interest in attracting foreign investment, and the two countries are working to create a favorable investment climate. The two sides agreed to cooperate on the development of new investment opportunities and to provide incentives for investors. The agreements signed between Kazakhstan and Uzbekistan are a significant step forward in the development of the two countries’ bilateral relations. The agreements will help to boost trade and economic cooperation between the two countries and will contribute to the development of the region as a whole.