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Askar Mamin: The volume of trade turnover between Kazakhstan and Uzbekistan for the first quarter of 2018 increased 50%

by May 5, 2018 Key Issues

On May 4, as part of a working visit to Tashkent, First Deputy Prime Minister of Kazakhstan Askar Mamin met with the President of Uzbekistan Shavkat Mirziyoyev.

The discussion covered topical issues of trade and economic cooperation between Kazakhstan and Uzbekistan. President of Uzbekistan Sh. Mirziyoyev commended the Consultative Meeting of the Heads of State of Central Asia, held on March 15 this year in Astana, and stressed its role in the further development of regional cooperation.

Askar Mamin noted that Uzbekistan is Kazakhstan’s largest trading partner in Central Asia, stressing that the foreign trade turnover between the countries for the I quarter of 2018 increased 50% compared to the same period last year. Until the end of the year, taking into account the significant potential in increasing mutual trade, the volume of bilateral trade is planned to be increased to 3 billion USD.

During the meeting of S. Mirziyoyev and A. Mamin, an agreement was reached to hold the 1st Interregional Forum KazakhstanUzbekistan in Astana, the Regional Economic Forum of Central Asian countries in Tashkent, as well as the First meeting of the Business Council and the joint business forum in Shymkent.

The parties spoke in favor of raising the level of investment cooperation, implementing joint investment projects with access to the markets of third countries, and also discussed further measures to intensify cooperation in the fields of construction, engineering, transport, logistics, tourism, space and militarytechnical sphere.

The official visit also included the Working Meeting of the Cochairmen of the Joint Intergovernmental Commission on bilateral cooperation between Kazakhstan and Uzbekistan First Deputy Prime Minister of the Republic of Kazakhstan Askar Mamin and First Deputy Prime Minister of the Republic of Uzbekistan Achilbay Ramatov.

It was noted that tradeandeconomic and investment cooperation between Kazakhstan and Uzbekistan is systematic. Joint trading houses have been established and are successfully operating in the main sectors of the economy, such as agriculture, petrochemicals, the pharmaceutical industry, and machine building.

The nomenclature of mutual deliveries has significantly increased, agreements on the implementation of large infrastructure projects have been reached, and interregional cooperation is actively developing.

During the meeting, the parties spoke in favor of holding regular meetings of the Working Group on the development of proposals on mutual increase of trade between the two countries.

The First Deputy Prime Minister of the Republic of Kazakhstan noted the favorable impact of easing the excise policy of the Republic of Uzbekistan on the intensification of bilateral trade and spoke in favor of considering the possibility of further reducing excise taxes on imports of a number of goods having priority export potential for Kazakhstan.

An agreement has been reached that Kazakhstan and Uzbekistan will continue to work together to increase trade turnover by ensuring the supply of Uzbek gas to the south of Kazakhstan in the autumn and winter period, as well as providing services for the transit of Kazakh gas through the territory of Uzbekistan.

On the initiative of the Kazakh side, in the course of the talks, the issue of establishing the International Center for CrossBorder Cooperation “Central Asia” (ICBC) on the border of Kazakhstan and Uzbekistan was also discussed. The implementation of this project will require appropriate infrastructure in the territory of both states.

During the talks, it was noted that cultural and humanitarian cooperation occupies a special place in the bilateral relations between Kazakhstan and Uzbekistan. As is known, the Heads of State of Kazakhstan and Uzbekistan N. Nazarbayev and S. Mirziyoyev declared 2018 the Year of Uzbekistan in Kazakhstan. The parties agreed to continue work on the timely and highquality implementation of the Action Plan for the Year of Uzbekistan in Kazakhstan.

In addition, the First Deputy Prime Ministers of the Republic of Kazakhstan and the Republic of Uzbekistan decided to create a joint Working Group to work out the issue of mutual recognition of visa regimes of both countries for tourists from third countries crossing the KazakhUzbek border to visit tourist sites along the Great Silk Route, and on the mutual promotion of tourism opportunities of the two countries.

Following the results of the working meeting, the CoChairs of the Joint Intergovernmental Commission signed the relevant Protocol.

Source: Government of the Republic of Kazakhstan