Uzbek-Kazakh business forum held in Tashkent
16/09/2017 16:22
Uzbek-Kazakh business forum held in Tashkent
16/09/2017 16:22
Tashkent, Uzbekistan (UzDaily.com) -- On 16 September 2017, an Uzbek-Kazakh business forum was held in Tashkent dedicated to further development of trade, economic and investment cooperation between two largest countries of Central Asia.
The main goal of the event is to establish and strengthen cooperation ties between companies of different economic sectors of two countries at a qualitatively new level, as well as create joint ventures and implement joint investment projects.
Leading sectors of economies of Uzbekistan n and Kazakhstan were presented. The business circles of two nations also held negotiations, the press service of the State Committee for Investments of Uzbekistan said.
Over 400 companies from Uzbekistan and Kazakhstan, operating in various areas f economy, participated in the business forum.
Within the framework of the Uzbek-Kazakh business forum, the parties also discussed further steps in establishing partnerships in various areas of mutual interest and worked on a number of issues related to implementation of new investment projects, including their main parameters and sources of financing.
At the end of the business forum, the ceremony of signing of bilateral documents in the trade and economic sphere was held.
Kazakhstan is a strategic partner of Uzbekistan in trade and economic sphere. Uzbekistan exports natural gas, cars, vehicles, mineral fertilizers, textile, electrical, fruit and vegetable products, construction materials and other various goods and services to Kazakhstan. From Kazakhstan, oil, metals, flour, fat and oil products are imported into Uzbekistan. Currently, more than 200 companies operate in Uzbekistan with the participation of Kazakhstani capital.
Last year, the volume of mutual trade between the countries reached US$2 billion. However, the existing potential for mutually beneficial cooperation is very large. According to experts, trade turnover between two countries can be doubled at least. One of the ways to intensify this process is holding of such joint events, which will contribute to strengthening ties between entrepreneurs of two countries.
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