Friday, 16 April 2021 07:59 GMT

Uzbekistan, Kazakhstan set to up trade turnover


(MENAFN - Trend News Agency ) Baku, Azerbaijan, Dec. 27

By Nigar Guliyeva – Trend:

The volume of trade turnover between Kazakhstan and Uzbekistan has doubled during the year and reached $ 2billion, Kazakh President Nursultan Nazarbayev told reporters, Uzbek media reports.

"The countries aim to bring this figure up to $5 billion," he said. "The relationship with this country (Uzbekistan) for Kazakhstan is very beneficial and necessary. Our cooperation is improving. In one year, trade doubled - from $1 billion to $2 billion. We have agreed with the new president of Uzbekistan, Shavkat Mirziyoyev, to bring this amount to $5 billion."

The president said that a joint venture with Uzbekistan on the production of cars on electronic engines was launched in Kostanay. The solution of transport problems also contributed to the intensification of bilateral trade, he added.

"We want the relations between our intelligentsia and youth to continue even further. Next year we announced the year of Uzbekistan in Kazakhstan. Also the days of Kazakhstan will be held in Uzbekistan. This must be considered correct, beneficial and necessary for developing the relationship between the two countries, "Nazarbayev said.

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