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Exhibition of Kazakhstan’s producers to take place in Tashkent in September

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In the framework of the business forum at Astana platform 40 stands of the Uzbek manufacturers, which represent all branches of the Uzbek economy are presented. There are producers of pharmaceuticals, textile, clothing and footwear industry and leaders of Uzbekistan’s economy – automotive manufacturers.

“What is interesting, that the leading Uzbek companies are interested in cooperation with the Kazakh business community. At the event issues of supply not only the Uzbek products, but also joint production of certain types of machinery and equipment that can enter the market of the Eurasian Economic Union were discussed. It is very interesting for the Kazakh business community to cooperate with the Uzbek entrepreneurs and producers. We see the interest of our entrepreneurs and manufacturing plants in creation of joint ventures, which contributes to the increase of trade turnover between our countries”, – A. Arynov said.

As the Speaker noted, the trade turnover between Kazakhstan and Uzbekistan has remained stable for many years.

“But again it doesn’t reflect that real picture that could be. We are sure that such events will give impetus to the development of trade and economic relations between our countries and can bring commodity turnover to a significantly higher level. We have recently observed great changes in the financial and trade and economic spheres of Uzbekistan, which are aimed at simplification of trade with external countries”, – the Managing Director of the National Agency emphasized.

It also became known that during the return visit of the Kazakh entrepreneurs to Tashkent in September, the goods of Kazakhstan’s production will be more widely presented on the shelves of shops and drugstores of Uzbekistan. In addition, Kaznex Invest counts on the creation of joint production facilities and entering the markets of the third countries.

“In particular, the issue of creating joint production in the automotive industry is being considered which is very important for both Kazakhstan and Uzbekistan. The Uzbek side has great experience in creation of such big system of mechanical engineering. Therefore, we think, that in this direction the Kazakh producers together with the Uzbek entrepreneurs could create a cluster for the further development of co-production”, – A. Arynov noted.

As for the trade turnover between our countries, it is stable and the balance of trade between two countries is very good – it constitutes 50/50, that is, Kazakhstan’s export to Uzbekistan amounts to approximately 1 billion and about a billion is supplied by Uzbekistan to our country.

As the Managing Director of Kaznex Invest concluded, further it is necessary to continue this trend, which will allow to increase volumes and expand the line of Kazakhstan’s goods and import of Uzbekistan’s. In this regard, it is necessary to move together in this direction.

Source: Kazakhstan 2050

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