Kazakhstan trade mission in Tashkent brought $44.1 million to business
On the eve of the 20th meeting of the joint intergovernmental commission on bilateral cooperation between the Republic of Uzbekistan and the Republic of Kazakhstan, the Ministry of Trade and Integration, together with JSC «QazTrade», organized a trade mission of Kazakhstani producers and service providers to Tashkent on May 3-5.
The event was attended by 26 Kazakhstani companies in such industries as the food and construction industry, medical devices, IT services. Representatives of the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan, UzTrade JSC and more than 100 Uzbek partners visited the business mission from the Uzbek side.
Visiting meetings with retail chains, large manufacturers of household and electronic appliances, confectionery, and other industrial enterprises were organized for Kazakhstani participants.
Vice Minister of Trade and Integration of Kazakhstan Kairat Torebayev noted that Uzbekistan is a strategic trading partner of Kazakhstan, and cooperation between our countries plays an important role in the development of bilateral ties, as well as in the formation of regional policy and relations with Central Asian countries.
«The governments of the two countries face the task of bringing the volume of trade to $10 billion. A key element of the practical action plan to achieve this indicator is the project of creating an International Center for Industrial Cooperation «Central Asia». . It should become the main platform of the Central Asian Economic Corridor «North-South»to create a joint product intended for export to the markets of third countries», - said Kairat Torebayev.
Ambassador Extraordinary and Plenipotentiary of Kazakhstan to the Republic of Uzbekistan Beibut Atamkulov noted that «….The two Heads of State have met three times in the last five months of this year. This speaks of deep trusting relations between our countries.....Today, cooperation between the two states should develop in the field of food security and energy. The population of the Republic of Uzbekistan has already reached 36 million, this is a large consumer market and a great opportunity for our business».
The Ambassador also noted that the next 20th intergovernmental commission will be held on May 5, which will be aimed at further development of interregional cooperation.
Deputy Minister of Investment, Industry and Trade of the Republic of Uzbekistan Badriddin Abidov emphasized the new dynamics and nature of relations between the two countries.
«The launch of the «UzKazTrade» - joint organization is a new milestone in relations between the two states. This is an important tool for resolving issues of mutual supply of agricultural products», - Badriddin Abidov said.
In the medium term, Kazakhstani companies are ready to additionally supply to Uzbekistan more than 100 types of goods in the food, construction, chemical, metallurgical, petrochemical industries in the amount of $500 million.
As a result of the trade mission, export contracts were signed for the supply of construction materials, confectionery, IT services, dairy products to Uzbekistan in the amount of more than $44.1 million.
Reference:
The trade turnover between Kazakhstan and Uzbekistan in January-December 2022 amounted to 5.0 billion US dollars, which is 29.8% higher than in the same period of the previous year (3.8 billion US dollars).
The structure of Kazakhstan's exports consists mainly of wheat, copper ores and concentrates, semi-finished products made of unalloyed steel, passenger cars, flat rolled products made of hot-rolled unalloyed steel, wheat flour or wheat-rye, sunflower oil and others.
Imports of Uzbek goods also increased. Kazakhstan imports car bodies, spark-ignition internal combustion engines, grapes, fresh or dried, flat rolled non-alloy steel clad and others.