Uzbekistan, Kyrgyzstan Discuss Cooperation In Trade-Economic Areas
Date
1/11/2023 3:25:09 PM
(MENAFN- Trend News Agency) On 11 January, Minister of Investments, industry and Trade of
the Republic of Uzbekistan Laziz Kudratov held talks with Minister
of Economy and Commerce of the Kyrgyz Republic Daniyar
Amangeldiyev, trend reports citing kabar .
The parties discussed preparations for bilateral events planned
for 2023, including at the highest level, as well as the
implementation of ongoing joint projects, including those developed
through the Uzbek-Kyrgyz Development Fund.
It was noted that thanks to joint efforts, there is stable
growth in trade between the two countries. Thus, over the past 5
years, the volume of mutual trade has grown 6 times - from US$167.5
million in 2016 to US$953.6 million in 2021. In 2022, the trade
turnover exceeded US$1 billion.
During the talks, the importance of further intensifying
cooperation in a number of priority areas was emphasized. In
particular, an agreement was reached to accelerate the
implementation of construction projects for the Kambarata
Hydroelectric Power Plant-1 in Kyrgyzstan and the
China-Kyrgyzstan-Uzbekistan railway, in accordance with the signed
documents and on the implementation of these projects.
They also discussed projects planned for implementation in
Kyrgyzstan to organize the production of cars and commercial
vehicles, launch a spinning enterprise in the Jalal-Abad region,
introduce and produce ASKUE electricity metering systems and
produce calcium carbide.
Following the meeting, the parties outlined specific steps to
accelerate the practical implementation of the agreements
reached.
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