Tashkent will host trade and economic mission from Kazakhstan

Tashkent will host trade and economic mission from Kazakhstan

600 400 eucbi

Tashkent, Uzbekistan (UzDaily.com) — A trade and economic mission will be held in Tashkent on 10-12 September, organized by the Foreign Trade Chamber of Kazakhstan, the National Chamber of Entrepreneurs of Kazakhstan Atameken (NPP Atameken), and the Ministry of Trade and Integration of the Republic of Kazakhstan.

The main trading partners of Uzbekistan are China and Russia. Kazakhstan is also among the five key trading partners.

In 2018, commodity circulation by countries increased by a third and amounted to more than US$2 billion. Trade between two states in January-May 2019 made up US$1.1 billion, including export — US$277.4 million and import — US$841.0 million. Compared to the same period of last year, mutual trade grew by 16.0% or US$154.5 million. The volume of exports decreased by 58.3% or US$387.9 million, while imports grew by 2.8 times or US$542.4 million

Kazakhstan and Uzbekistan today demonstrate exemplary relations aimed at mutually beneficial cooperation. The countries attach particular importance to the integration of the Central Asian region and the development of economic ties.

A further goal is to bring trade to US$5 billion. This will be facilitated by the new international center for trade and economic cooperation “Central Asia”, the creation of which was agreed upon during the meeting of the heads of state in Tashkent.

During bilateral meetings at various levels, the issue of canceling Uzbekistan’s excise taxes on goods imported from Kazakhstan was often raised. As a result of such negotiations, it was possible to reduce the level of excise taxes on the highest priority export goods.